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China Railway Raises 22.4B Yuan In Shanghai Share Sale
0857.HK, 601390, 601857.SH, China Railway Group, PTR, PetroChina
Posted by: Li Jun on Nov 30, 2007 | 17:11
Editorial Summary
Chinese railway and tunnel contractor China Railway Group (601390) has raised 22.4 billion Yuan through the sale of 4.67 billion A-shares at 4.8 Yuan per share on the Shanghai Stock Exchange, according to a regulatory filing on November 30. The company's shares will begin trading on December 3. The company is also selling 3.32 billion H-shares to raise up to US$2.46 billion on the Hong Kong Exchange on December 7.
Also on Friday, shares of PetroChina Company Limited (PetroChina) (601857.SH; 0857.HK; NYSE: PTR) plunged 4.63 percent to close at 31.52 Yuan on the Shanghai Stock Exchange, hitting another low since the company's shares debuted at 48.62 Yuan per share on November 5 this year.
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