China Railway up 69% on debut
By Lee Spears | China Daily | Updated: 2007-12-04 07:03
China Railway Group Ltd, the world's third-biggest construction company, surged 69 percent on its Shanghai trading debut yesterday on optimism the nation's growing transport demand will spur earnings.
The stock climbed to 8.09 yuan at the close of trading, compared with an initial public offer price of 4.80 yuan, valuing the company at 141 billion yuan.
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