Kunming readies for Hong Kong IPO
The largest steel manufacturer in
China's western Yunnan province, Kunming Iron & Steel Co., is gearing up for its initial public offering (IPO) on
Hong Kong's stock exchange.
The company received approval from the
Hong Kong stock exchange, with the IPO reportedly scheduled for mid-March.
The company hopes to raise nearly HK$1.8 billion (US$231 million) through the offering.