Shanghai Electric plans Hong Kong IPO
28 January 2005
With plans to expand power generator equipment making, Shanghai Electric Group filed a listing application with Hong Kong's stock exchange hoping to raising US$500m in an initial public offering. The South China Morning Post, quoting unnamed sources, said the company planned to list most of ts assets, including generator and transmission equipment plants, rail, printing and other properties. The daily said sponsor Credit Suisse First Boston planned to begin road shows in March.