Chinese firm 'raises $1.26b' in biggest IPO
China Daily | Updated: 2009-05-01 07:32
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China Zhongwang Holdings Ltd Chairman Liu Zhongtian arrives for an investor luncheon in Hong Kong on April 20. Zhongwang raised HK$9.8 billion in the world's largest initial public offering this year, sources said. Bloomberg News |
China Zhongwang Holdings Ltd raised HK$9.8 billion ($1.26 billion) as it priced the world's largest initial public offering in nine months toward the low end of an offering range, said two people familiar with the sale.
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