BEIJING (XFN-ASIA) - Tianjin Pipe, the mainland's largest producer of steel
pipes used in the oil and gas industry, aims to list on the Shanghai stock
market this year, the South China Morning Post reported, citing chairman Liu
Yunsheng.
"We have auditors and other intermediaries working on it; we hope to be
listed within the year," the Hong Kong newspaper quoted Liu as saying.
Liu declined to name the underwriters or disclose a fund-raising target, the
newspaper said.
Tianjin Pipe's former chairman Sun Ningyu last November reportedly said the
company was eyeing a five bln yuan listing, the newspaper added.
(1 usd = 7.05 yuan)
will.davies@afxasia.com
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