Sichuan Expressway to list in Shanghai on Monday

SHANGHAI, July 24 | Thu Jul 23, 2009 8:01pm EDT

SHANGHAI, July 24 (Reuters) - China's Sichuan Expressway Co (0107.HK), which raised 1.8 billion yuan ($263.5 million) in an initial public offering of mainland A shares, said on Friday it will list on the Shanghai Stock Exchange next Monday.

Sichuan Expressway, whose shares already trade in Hong Kong, will be the first IPO to list in Shanghai since Chinese regulators lifted a 10-month suspension of domestic IPOs last month, reflecting a strong rebound in the country's stock markets.

A handful of smaller companies have already listed shares in recent weeks on the Shenzhen exchange in southern China.

Investors are also awaiting word on the timing for the Shanghai listing of shares in China State Construction Engineering Corp, China's largest home builder.

The company announced late on Thursday that it had priced its IPO at the top of an indicated range to raise 50.2 billion yuan in the world's largest public offering in more than a year. [ID:nLN374581] ($1=6.830 Yuan) (Reporting by Fang Yan and Edmund Klamann)

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