China’s Shaanxi Coal Industry is seeking to raise up to $2.7 billion in an initial public offering (IPO) in Shanghai, Reuters reports. The China Securities Regulatory Commission will review Shaanxi Coal’s IPO application on August 29.
After the IPO, Shaanxi Coal will become the third-largest publicly traded coal miner in China. The company is an enterprise group integrating coal production and sales, high-speed train wheel set manufacture and financial investment.
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