Train maker China CNR set for flat Hong Kong trading debut

HONG KONG Wed May 21, 2014 9:28pm EDT

Related Topics

HONG KONG May 22 (Reuters) - China CNR Corp Ltd , the world's largest train maker by sales, was set to open flat in its Hong Kong trading debut on Thursday after raising about $1.2 billion in a share offering to pay down debt, buy new equipment and develop new projects.

The company's Hong Kong shares were indicated to open at HK$5.17, unchanged from the price it sold shares last week in the city. The share offering was priced near the bottom of a HK$5.00 and HK$6.20 per share marketing range. (Reporting by Elzio Barreto; Editing by Paul Tait)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

A tourist takes a plunge as she swims at Ngapali Beach, a popular tourist site, in the Thandwe township of the Rakhine state, October 6, 2013. Picture taken October 6, 2013. REUTERS/Soe Zeya Tun (MYANMAR - Tags: SOCIETY) - RTR3FOI0

Where do you want to go?

We look at when to take trips, budget considerations and the popularity of multigenerational family travel.   Video