Western Mining to announce price range for Shanghai IPO
(Shanghai Daily)Updated: 2007-06-25 13:46
Western Mining Co, a Chinese producer of zinc, nickel and
copper, plans to announce the price range for its Shanghai initial share sale on
July 2.
The company plans to sell as many as 500 million shares to expand
production and purchase stakes from other miners, it said in a statement to
Shanghai's stock exchange today, according to Bloomberg.
If Western
Mining sells more than 400 million shares, no more than 125 million will be sold
to institutional investors, the Xining, Qinghai-based company said.
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