Hong Kong: China Railway Signal plans IPO

railway signallingChinese railway equipment maker China Railway Signal & Communication Corp., the country’s largest builder of rail traffic control systems, plans an initial public offering of up to USD 2 billion (1.73 billion euros) in Hong Kong. The IPO will take place in the second or third quarter of 2015. Citigroup, Morgan Stanley and UBS are working on the IPO.

Source: www.brecorder.com

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