CSCEC may be first to float shares

China State Construction Engineering Corp (CSCEC), the country's biggest home-builder, would probably be among the first batch of companies to issue new shares to the public, analysts said.

The securities regulator last June gave it the nod to float shares at the Shanghai bourse, but the plan was suspended due to the sluggish stock market situation.

"CSCEC will probably be among the first batch of new IPOs. But, as it will still take time to complete the formalities at the bourse, the first float is likely to kick off in late June," said an industry insider who preferred not to be named.