China South Locomotive & Rolling Stock

BEIJING (XFN-ASIA) - China South Locomotive & Rolling Stock Corp Ltd (SHA 601766) said it raised 6.54 bln yuan from the issue of 3 bln A-shares on the Shanghai Stock Exchange, after pricing the shares at 2.18 yuan, the top of its indicated range.
The A-share pricing is 16.03 times 2008 projected net profit based on [...]

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About Shanghai’s Stock Exchange

History In China, stock trading first started in Shanghai. The first trades are going back to the 1860s. In 1891 the Shanghai Stockbroker Association was established. This was the start of regulatedChinese stock markets. Later in 1920 and 1921, the “Shanghai Security Goods Exchange” and the “Shanghai Chinese Securities Exchange” started business. Almost10 yars later [...]

Filed under: Shanghai Stock Exchange by CSMR
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