Cosco IPO sets off share frenzy
By Keith Wallis
MAINLAND investors have lodged applications worth a staggering
529 billion yuan (HK$498.79 billion) for shares in Cosco Shipping.
The initial public offering for the Guangzhou subsidiary of the
mainland's largest shipping company, China Ocean Shipping (Group),
was oversubscribed by 551 times.
Lead underwriter Citic Securities yesterday confirmed
......
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