Firm set to list in Shanghai soon

By Chen Zhiming and Song Lijun | China Daily | Updated: 2007-03-13 07:01

Shenyang Machine Tool (Group) Co plans to sell part of its shares after the annual sessions. Inset: Chairman Chen Huiren

Shenyang Machine Tool (Group) Co Ltd (SMTCL) will list on the Shanghai United Assets and Equity Exchange to sell 49 percent of its shares "soon after the ongoing two sessions".

"Though we don't have the exact date, we plan to list very soon after the annual sessions," SMTCL Chairman Chen Huiren told China Daily in an exclusive interview yesterday on the sidelines of the annual session of the National People's Congress.

Wholly owned by Shenyang State-owned Assets Supervision and Administration Commission, the company announced in November it would list in Shanghai.

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