China South Locomotive IPO

There is a new IPO or initial public offering set to hit the capital markets. The IPO belongs to China South Locomotive & Rolling Stock Corporation, which is the nation’s largest train maker and is based in Beijing.

What are the opening dates of China South Locomotive IPO?
The China South Locomotive IPO will open on date 5th August 2008 with the launch of it’s a-Share initial public offering.

How many shares will be offered for sale through the China South Locomotive IPO?
Around 3 billion A-shares will be offered for sale through the China South Locomotive IPO.

Where will the capital raised or fund raised from the China South Locomotive IPO be used?
The capital raised from the China South Locomotive IPO will be used for technology upgrade and development of new high speed trains.

Any other proposals for China South Locomotive IPO?
The South Locomotive of China is also a manufacturer of railway equipments. It is learnt that the company is also planning to raise another USD 2 billion via sale of around 2 billion shares in a Hong Kong IPO.

What are the future prospects of South Locomotive IPO?

To cater to the biggest population of China, there will be massive requirement of transport infrastructure and high speed trains. Many market experts believe that this sector is suppose to give fruitful results in the ling run, as the demand is high.

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