16 May 2006 05:49 [Source: ICIS news]
SINGAPORE (ICIS news)--Yunnan Three Circles Chemicals, a Chinese fertiliser producer, could be listed in Hong Kong by end-2006, a source from parent company Yunnan Yuntianhua Group said on Tuesday.
She could not say how much money would be raised through the initial public offering (IPO), although media reports put it at $300m (Euro234.1m).
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ICIS news reported earlier that China National Offshore Oil Corp (CNOOC), a Chinese oil and gas major, had received approval from the Chinese Securities Commission to list its fertiliser unit CNOOC Fudao on the Hong Kong Stock Exchange.
CNOOC is to float 25% of its fertiliser unit in a $400m IPO May, according to media reports. A spokesman at the company declined to confirm this.
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