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          BIZCHINA> Top Biz News

          


          

          
          		

          

          


          

          


          

          



          

          


 

          


          


 

          


          

          


 

          



          Fortescue may seek Shanghai listing
          


          (Agencies)
          
 Updated: 2009-05-11 17:17
          



 

          

          Australian iron ore miner Fortescue Metals may list its shares in Shanghai, which plans to allow foreign listings under an ambitious development scheme, China News Service reported, quoting Fortescue CEO Andrew Forrest.
          


          

          

          


          


          


          


          


          


          


          Related readings:
          
          Fortescue may seek Shanghai listing Valin: Further approvals needed for Fortescue deal
          
          Fortescue may seek Shanghai listing Fortescue to expand iron ore sales to China's Valin
          
Fortescue may seek Shanghai listing Sources: China firms eyeing Fortescue
          
          Fortescue may seek Shanghai listing Energy: Chalco, China rivals mull stake in Fortescue
          
          		

          
          

          
          		

          
          

          
          		

          
          

          

Forrest said Fortescue's equity tie-up with China's Hunan Valin Iron and Steel Group would help its localization in China and may facilitate a Shanghai listing, the news agency reported on its website, www.chinanews.com.cn, on Saturday.
          


          China has given no timeframe for allowing foreign companies to float shares in Shanghai, proposed as part of a plan to make the country's financial hub a global financial center by 2020.
          


          Forrest made the comments during a signing ceremony on Friday for a strategic partnership with Valin, the agency said.
          


          

          (For more biz stories, please visit Industries)
          

          

          

 



 



          


          


 

          

          

          


          

          


 

          


          


 

          


          


 

          


          


          


 

          

          

          
          		

          

          








           
          


           
          



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