HONG KONG May 22 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)