Markets
China Railway Material plans $2bn dual-listing
SHANGHAI : China Railway Material (CRM), which is involved in steel trading and the railway products business, is plan
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State-owned CRM has mandated China International Capital Corp, Citic Securities and UBS to handle the listing, said IFR, a capital market news provider owned by Thomson Reuters.
CRM, founded in 1979, posted first-half net profit growth of 26 percent year on year and a 30.9 percent increase in revenue to 93 billion yuan ($14.5 billion), company data showed.
Copyright Reuters, 2011