CRCC High-Tech's $395m HK IPO on track

As the fifth state-owned deal so far this quarter the track maintenance equipment manufacturer is differentiating itself with a much smaller cornerstone tranche.
November 30, 2015

CRCC High-Tech Equipment’s HK$3.06 billion ($395 million) initial public offering launched on Monday could well be the first Chinese state-owned deal to be marketed in recent months without a big cornerstone tranche.

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