Jinxi Steel prepares for IPO

Steel manufacturer pushes back flotation a few months to the first quarter of 2004.

Jackie Horne

September 23, 2003

Jinxi Steel has mandated JPMorgan and Merrill Lynch for an IPO on the Hong Kong Stock Exchange, which is now expected to surface at the beginning of 2004. The company had originally been pushing for a late third quarter/early fourth quarter listing, but a combination of SAR's and due diligence always taking longer than expected, has pushed the timetable back.

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