Baotou plans IPO

Baotou Aluminum Co, China's fourth-largest aluminum smelter, plans to list in Shanghai in an IPO worth up to RMB700m (US$84.6m) to fund its development of high margin products, state media reported. The 140m yuan-denominated A shares would be open to select foreign investors between April 12 and 22, state media reported citing company filings published in Shanghai Securities News.