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Guangzhou Zhujiang to Raise Up to 1 Billion Yuan in Shenzhen IPO

UserPost

11:13 am
May 24, 2010


admin

Admin

posts 215

May 24 (Bloomberg) — Guangzhou Zhujiang Brewery
Co. plans to raise as much as 1 billion yuan ($146 million) in an
initial public offering of 70 million shares in Shenzhen.

Anheuser-Busch InBev NV owns 24 percent of
Guangzhou Zhujiang, according to a statement from the Chinese beermaker
to the Shenzhen exchange.

The China Securities Regulatory Commission will
review the company’s application to list on May 26, the securities
regulator said in a separate statement on its website.


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