China's New Century Shipbuilding eyes 2008 IPO
Source: Reuters - USA

Source Date: 12th Jun, 2008
Source Pages: -
Summary:
New Century Shipbuilding Co Ltd, China's largest private shipyard, is planning to list its shares in Singapore this year to raise up to $1.5 billion. Chairman Yuan Kaifei told reporters the firm would use the proceeds from the 5-10 billion yuan ($724 million-$1.5 billion) initial public offering to improve its engineering technology and expand production capacity.