Beijing-Shanghai high-speed rail to be publicly listed - Chinese media
Reuters
Published Feb 27, 2019 02:16
Beijing-Shanghai high-speed rail to be publicly listed - Chinese media
SHANGHAI (Reuters) - China's high-speed railway connecting Beijing and Shanghai will be publicly listed, newspaper 21st Century Business Herald reported on Thursday.
The railway announced on Chinese social media on Wednesday that it has begun the process for its A-share listing. The same day, China Securities Regulatory Commission disclosed the filing information for the planned IPO, the paper added.
According to disclosed information, CSC Financial will conduct guidance for the listing. A source inside CSC Financial reportedly told 21st Century Business Herald that CITIC Securities and CICC would also take part in the IPO.
The article said the listing would be on a mainboard but did not say on which exchange it would take place.
Information disclosed by the railway's shareholders reveals that profit for the railway in the four years spanning 2014 to 2017 hit 31.17 billion yuan (3.5 billion pounds), while profit reached 12.7 billion yuan, the newspaper added.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.