Chinese contractor Zhong-Tie Construction Group Corporation Limited is scheduled to list 2.45 billion A-shares on the Shanghai Stock Exchange on Monday under the ticker "601186", according to an exchange filing.
Hangzhou City Commercial Bank opened its Shanghai subsidiary on March 6 and plans to list on the Shanghai Stock Exchange in 2008, reports Securities Times. China International Capital Corporation Limited (CICC) will underwrite the deal, said the report. The Hangzhou bank booked RMB819 million in net profit in 2007.