China Merchants Securities to Raise $1.6 Bln in IPO

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08 November 2009 1:16 PM ( 92 days ago)
China Merchants Securities Co. plansto raise as much as 11.1 billion yuan ($1.6 billion) in aninitial share sale in Shanghai. The Shenzhen-based brokerage will sell as many as 358.5million shares at 26 yuan to 31 yuan each, according to astatement to the Shanghai Stock Exchange today. ...
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