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Chongqing Machinery plans $300 mln Hong Kong IPO

Wed Feb 27, 2008 10:16pm EST

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(For an expanded IPO diary, click <HK/IPOMENU>)

HONG KONG, Feb 28 (Reuters) - Chinese state-run machine tool maker Chongqing Machinery and Electronics Holding plans to launch a Hong Kong initial public offering to raise roughly $300 million within the next couple of months, sources familiar with the deal said on Thursday.

The company, which had originally aimed to go public last year, was set to undergo a hearing this week in front of the Hong Kong stock exchange's listing committee, the sources said. Credit Suisse (CSGN.VX) is sponsoring the deal. (Reporting by Tony Munroe; Editing by Anne Marie Roantree)



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