Anhui Expressway Co

PUBLISHED : Tuesday, 15 October, 1996, 12:00am
UPDATED : Tuesday, 15 October, 1996, 12:00am

H-share candidate Anhui Expressway Co will launch an international roadshow next week following the approval of its listing plan by the stock exchange last Thursday.

The company, whose sole asset is the 134 km Hening Expressway, plans to raise about $800 million.

Sources said the company would price the shares at about 1.7 yuan (about HK$1.58), representing a discount of less than 10 per cent to the company's net asset value per share, a major yardstick to measure the attractiveness of an infrastructure counter.

Anhui Expressway, formerly Wantong Expressway, is scheduled to open the public offer on October 31.

The shares are expected to begin trading on the exchange on November 13.