China Postal Express readies $1.6B IPO on Shanghai exchange

04/29/2012 | Bloomberg

A unit of state-owned China Post Group, China Postal Express & Logistics, hopes to raise as much as $1.6 billion in an initial public offering, according to a prospectus that the country's securities regulator published. The firm plans to list on the Shanghai Stock Exchange and sell as many as 4 billion yuan-denominated shares.

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