China South Locomotive Secures 3 Investors For IPO - Report
Jul 28, 2008 21:19:47 (ET)
SHANGHAI (Dow Jones)--China Life Insurance (Group) Co., General Electric Capital Corp. and Mirae Assets Financial Group have agreed to buy shares in China South Locomotive & Rolling Stock Corp. (601766.SH) through its initial public offering, Caijing Magazine reported late Monday, citing an unnamed source.
Each of the three investors will acquire no more than $50 million worth of shares, said the report.
Hong Kong tycoon Li Ka-shing is also interested in the company and will probably buy shares in the IPO through one of his companies, said the report.
China South Locomotive plans to raise US$2 billion through its A-share and H-share IPOs, said the report.
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