Editorial Summary

Chinese contractor Zhong-Tie Construction Group Corporation Limited's dual-listing in Shanghai and Hong Kong will be postponed due to the recent downturn in the stock market, reports Oriental Morning Post quoting a Zhong-Tie insider. According to the report, the China Securities Regulatory Commission (CSRC) has approved Zhong-Tie's initial public offering application, but has not yet issued any documents related to the listing. Zhong-Tie planned to list in Shanghai and Hong Kong as soon as February 2008, said the report.

COSCO Group plans to list all of the group's assets, reports Shanghai Securities Journal quoting Liang Yanfeng, executive director at COSCO group subsidiary COSCO International Holdings Limited (0517.HK). Liang did not go into details of COSCO Group's plans to list more assets. According to Liang, the group's 2007 revenue was more than RMB150 billion with a profit of RMB30 billion. The group has not set a timetable for the overall listing, said the report citing Liang. Shares of China COSCO Holdings Co Ltd (601919.SH; 1919.HK) fell 0.58 percent to close at RMB39.68 on Tuesday in Shanghai.