An H-share issue by Jiangsu Expressway Co, the toll-road development arm of Jiangsu province, has been about 2.5 times subscribed. The company issued 1.22 billion shares at $3.11 each to raise $3.8 billion. Of these, 83.09 million were made available in Hong Kong. Sixty-one per cent of the shares were sold in an international placement, which was about 12 times oversubscribed. Trading begins on Friday.