(Bloomberg) -- Shares of China Cosco Holdings Co.,
Asia's largest container line, as much as doubled on their
Shanghai trading debut after the company's 15.1 billion yuan
($1.98 billion) stock sale attracted record demand.
The shares rose as high as 17.15 yuan, a premium of about
63 percent to the Hong Kong-listed stock, and traded at 16.68
yuan at 10:57 a.m. The Tianjin-based company sold 1.78 billion A
shares, or a 20 percent stake, at 8.48 yuan each to buy new
ships and a stake in a logistics company.
Read more at Bloomberg Emerging Markets News
Asia's largest container line, as much as doubled on their
Shanghai trading debut after the company's 15.1 billion yuan
($1.98 billion) stock sale attracted record demand.
The shares rose as high as 17.15 yuan, a premium of about
63 percent to the Hong Kong-listed stock, and traded at 16.68
yuan at 10:57 a.m. The Tianjin-based company sold 1.78 billion A
shares, or a 20 percent stake, at 8.48 yuan each to buy new
ships and a stake in a logistics company.
Read more at Bloomberg Emerging Markets News
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