|
BIZCHINA> Stocks
![]() |
|
Everbright Securities IPO approved
(Xinhua)
Updated: 2008-07-01 14:31 Chinese stock regulators approved the initial public offering (IPO) of Everbright Securities Co Monday evening, the first domestic brokerage IPO since that of CITIC Securities Co in early 2003. According to the prospectus Everbright released last week, it planned to sell up to 520 million shares. It didn't set a date for the offering, however. All the proceeds, which it didn't quantify, would be used to expand new businesses and increase its network to more than 100 outlets from 76 at present, it said. China Securities Regulatory Commission also approved the IPO application of China South Locomotive and Rolling Stock Co (CSR), the world's leading supplier of rail transit equipments. CSR planned to sell up to 3 billion A-shares, it said in the prospectus. As of 11 a.m. in the morning session on Tuesday, brokerage shares fell across almost the whole board in response to the news, with Guojin Securities edging up 2.37 percent to 41.95 yuan ($5.99). CITIC Securities fell 5.18 percent to 22.68 yuan, Northeast Securities shed 2.05 percent to 21.5 yuan and Changjiang Securities lost 2.76 percent to 17.96 yuan. (For more biz stories, please visit Industries)
|
双辽市| 信宜市| 泽普县| 新闻| 阿克苏市| 琼结县| 万宁市| 南安市| 睢宁县| 福海县| 湛江市| 池州市| 区。| 宜章县| 阿巴嘎旗| 湾仔区| 高密市| 健康| 驻马店市| 侯马市| 陆河县| 宣化县| 遂平县| 乌鲁木齐市| 山阳县| 霍邱县| 德格县| 垣曲县| 襄城县| 呼图壁县| 海宁市| 旬邑县| 密山市| 龙州县| 新宾| 宿迁市| 保靖县| 霍城县| 曲沃县| 广丰县| 保靖县|