• Tue
  • Sep 30, 2014
  • Updated: 4:11pm

H-Share listing

PUBLISHED : Tuesday, 21 October, 1997, 12:00am
UPDATED : Tuesday, 21 October, 1997, 12:00am

Two H-share steel-makers will postpone listing plans until next year following the market's recent slide and unfavourable subscription for a steel H share, sources say.


They said Panzhihua Iron and Steel (Pangang), which had planned to float H shares this year, and Wuhan Iron and Steel (Wugang), which had planned to float in mid-November, would delay their listing plans.


Pangang was among the batch of four mainland companies slated for overseas listing and Wugang was among the second batch approved in 1994.


The sources said delay of the listings was due to the recent tumble by red chips and H shares and cooler interest in iron and steel play from international investors.


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