CAPITAL GROUP TO LIST KEY ARM OVERSEAS
AsiaInfo Services, August, 2002
AsiaInfo Services 08-01-2002 Capital Group to List Key Arm Overseas BEIJING, Aug 01, 2002 (AsiaPort via COMTEX) -- Beijing-based business conglomerate the Capital Group is planning to list one of its backbone business arms in the overseas equities market to boostits real estate businesses in the capital city. The move is believed to be part of the industry heavyweight'sstrategy to strengthen its core business lines, led by astrengthened finance business in the local market. Following consolidation of its real estate businesses in Beijingin the past two years, the newly established Capital Real EstateCo, a wholly owned subsidiary of the group, is expected to filedocuments with the regulatory authorities for an initial publicoffering on the Hong Kong stock market...
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