China National Building Material Group is planning an initial public offering on the Hong Kong stock exchange during the first half of 2005 to raise funds in the range of a few hundred million US dollars. The group plans to spin off assets into a new company before the listing. A spin off could include either cement, fiberglass and advanced building materials businesses or the cement business alone. Morgan Stanley will serve as advisor and Ernst & Young as auditor for the listing.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved