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Huatai Securities expects to launch IPO at 20-22 yuan
(Xinhua)
Updated: 2010-02-08 14:22
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China's Huatai Securities Co Ltd, expects to launch IPO in Shanghai Exchange at between 20 to 22 yuan ($2.93 to 3.22) per share, the company said Monday.
The time to purchase the stock would be at 9:30 to 15:00 on Monday and Tuesday, the east China's Nanjing-based brokerage said.
The online roadshow, or the presentation of the new stock issue to potential investors, would be held at 14:00 to 17:00 Monday, Huatai said.
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The brokerage, which had net assets of 14.1 billion yuan by the end of 2009, netted a profit of about 4.1 billion yuan last year, and it expected return per share in 2010 to be about 0.9 yuan.
