China South Locomotive & Rolling Stock Corp and Everbright Securities will have first-time share sale plans reviewed by the China Securities Regulatory Commission on Monday.
According to filings with the regulator, South Locomotive plans to issue up to 3 billion A shares for a Shanghai listing and 2.3 billion H shares for Hong Kong, and Everbright Securities aims to sell as many as 520 million A shares for Shanghai.
South Locomotive said the proceeds from the Shanghai offering would be used for making high-speed railcars, urban light railcars and major components. Everbright Securities aims to strengthen its capital.
China International Capital Corp and Industrial Securities will underwrite South Locomotive's offering and Orient Securities will handle that of Everbright.
Despite the 45 per cent decline in the Shanghai Composite Index this year, the CSRC has looked at a string of new offerings in recent weeks.
