China's Hainan Rubber to start trading on Jan 7
Updated: 2011-01-06 10:01
SHANGHAI - Trading in shares of China Hainan Rubber Industry Group on the Shanghai Stock Exchange will start from on Jan 7, the company said on Thursday, aiming to raise 4.7 billion yuan from its initial public offering.
The company will issue 786 million Shanghai A-shares denominated in yuan
The company would use the proceeds to expand rubber production, upgrade technology and supplement working capital, it said in an earlier share issue prospectus.
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