Airport: Sale won't hurt listing plan
By Lu Haoting | China Daily | Updated: 2007-02-28 07:13
Beijing Capital International Airport Co Ltd (BCIA) said yesterday that Aeroports de Paris Management's sale of its entire stake in the company would not affect its A-share listing plan.
The Hong Kong-listed company will apply to the China Securities Regulatory Commission in April to sell no more than 800 million yuan-denominated shares to raise 4 billion yuan to finance Beijing airport's expansion, said Shu Yong, BCIA's board secretary.
The domestic share offer is expected in the third quarter of this year, Shu said.
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