Business & Finance
China's Shaanxi Coal Industry plans $2.7bn IPO
SHANGHAI : China's Shaanxi Coal Industry plans to raise up to 17.3 billion yuan ($2,7 billion) in an initial public offe
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The China Securities Regulatory Commission said it would review Shaanxi Coal's IPO application on Aug. 29.
If the IPO takes place, Shaanxi Coal will be the third-largest publicly traded coal miner in China -- the world's biggest coal-producing country.
Copyright Reuters, 2011