China's Daqin Railway to raise $2.4 billion in share issue
SHANGHAI |
SHANGHAI (Reuters) - China's Daqin Railway Co (601006.SS) said on Thursday it is planning to raise up to 16.5 billion yuan ($2.42 billion) by issuing up to 2 billion additional shares to purchase its parent's transportation assets.
Daqin is a coal-transporting railway based in China's main coal producing province of Shanxi.
($1=6.825 yuan)
(Reporting by Alfred Cang and Malenie Lee; Editing by Sugita Katyal)
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