Rongsheng ropes in Morgan
Rongsheng ropes in Morgan
10:31, May 05, 2010 
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Jiangsu Rongsheng Heavy Industries Co Ltd has appointed Morgan Stanley to finalize plans for its long-awaited IPO in Hong Kong, aiming to raise up to $1.5 billion in the fourth quarter, Reuters reported on Tuesday, citing unnamed sources.
This is Rongsheng's latest bid to go public after it failed to raise more than $2 billion from a planned IPO in Hong Kong in 2008, as a result of the global financial crisis.
Source:China Daily
This is Rongsheng's latest bid to go public after it failed to raise more than $2 billion from a planned IPO in Hong Kong in 2008, as a result of the global financial crisis.
Source:China Daily
（Editor：黄蓓蓓）
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