[photopress:rolling_stock.jpg,full,alignright]According to the South China Morning Post China Southern Locomotive & Rolling Stock Industry plans to raise at least $2.5 billion from an initial public offering early next year.
A source was quoted as saying, ‘The firm had hoped to sell shares by end of the year but the plan has been delayed due to a complicated restructuring process.’
According to the report, the company plans to list in both Hong Kong and mainland markets.
Source: Hemscott