China Railway Materials Commercial Co Ltd (CRMSC) plans to raise up to 12 billion yuan ($1.8 billion) in a dual listing in Shanghai and Hong Kong around the end this year, China Business News reported on Monday.
Companies listed on China's Nasdaq-style ChiNext board have raised 116.75 billion yuan ($17.61 billion) since the board's creation in October 2009.
China's stocks got off to a flying start in the first week of 2011 after dropping 14 percent last year, led by the soaring share prices of banks and developers.
Stocks on the Chinese mainland gained for the first time in three days, capping the benchmark index's advance in the first week of 2011, as banks and developers rose on speculation shares are undervalued given their earnings growth prospects.
Hong Kong stocks went down 97.35 points, or 0.41 percent to close at 23,688.95 on Friday.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, 2010, dropped 8.27 points, or 0.73 percent, to close at 1,126.52 Friday.
China's stock index futures closed lower Friday with the contract for January 2011, the most actively traded, down 0.11 percent from the previous trading day to end at 3,171 points.
Chinese equities closed higher on Friday as the benchmark Shanghai Composite Index went up 0.52 percent, or 14.60 points, to close at 2,838.80 points.
China's stock index futures closed lower Thursday with the contract for January 2011, the most actively traded, down 0.46 percent from the previous trading day to end at 3,173 points.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, 2010, dropped 20.56 points, or 1.78 percent, to close at 1,134.79 Thursday.
Hong Kong stocks went up 28.48 points, or 0.12 percent, to close at 23,786.30 on Thursday.
Chinese equities closed lower on Thursday as the benchmark Shanghai Composite Index went down 0.51 percent, or 14.39 points, to close at 2,824.2 points.