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    Zhongwang seeks to raise $1.6 bln

    Bloomberg
    21.04.2009 - 00:00 | Son Güncelleme:

    HONG KONG - China Zhongwang Holdings plans to raise as much as HK$12.32 billion ($1.6 billion) in the world’s largest initial public offering this year, according to a share sale document sent to investors.

    China’s biggest maker of extruded aluminum products by capacity is offering 1.4 billion new shares in Hong Kong at HK$6.80 to HK$8.80 each, said the e-mailed document. China Zhongwang processes the metal into various shapes and formats for industrial and construction use.
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