Company to Launch IPO

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Friday, January 19, 2001, updated at 09:09(GMT+8)

Business

Company to Launch IPO

With the approval of China Securities Regulatory Commission (CSRC), Guizhou Red Star Development Co., Ltd. will issue 30 million A shares on Shanghai Stock Exchange (SSE) at an issue price of 12.66 yuan per share.

The total stock capital of the company will amount to 100 million yuan after the floatation.

The funds to be raised will be reportedly used in the development of barium, strontium, manganese and antimony. (Panorama)


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	With the approval of China Securities Regulatory Commission (CSRC), Guizhou Red Star Development Co., Ltd. will issue 30 million A shares on Shanghai Stock Exchange (SSE) at an issue price of 12.66 yuan per share.




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