China Metallurgical Construction Group Corp (MCC), the country's leading construction company, is preparing for an IPO of its overseas assets, including the US$70m lead and zinc resource development subsidiary in Pakistan, state media reported, citing Yang Changheng, the group chairman. Yang said the development project is expected to go public in Hong Kong next year, and other overseas projects covering resource development, mechanical equipment manufacturing and property development would also eventually go public "one-by-one".
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