Shanghai Electric Group has allocated 5% of its Hong Kong IPO to joint-venture partner German-based Siemens, the equivalent of 1.25% of the conglomerate after the flotation, the South China Morning Post reported. Demand for the IPO, which aims to raise US$5.41bn, is expected to be strong.
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