South China Sea
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North Star listing plan

CHINA'S North Star Group will join the rush of overseas listing by mainland concerns through a Hong Kong-based subsidiary. Managing director Gao Qingzhen said the company was discussing with Peregrine Capital a listing plan in the territory. The Beijing company plans to first boost the share capital of its 55 per cent-owned Hong Kong North Star by bringing in a Japanese bank and a Hong Kong listed textile and property company as its shareholders.