SUNNSY GROUP TO DEBUT ON SEHK IN 08
AsiaInfo Services, November, 2007
AsiaInfo Services 11-30-2007 Sunnsy Group to Debut on SEHK in 08 JINAN, Nov 30, 2007 (SinoCast via COMTEX) -- Chinese cement manufacturer Jinan Sunnsy Group plans to debut on the Stock Exchange of Hong Kong in 2008. Morgan Stanley and IFC, a member of the World Bank Group, will be the IPO sponsors.
Sunnsy Group will use the raised fund in innovation, merger, and restructuring in cement. In the second half of 2005, Sunnsy Group gained a strategic investment of CNY 1.386 billion from Morgan Stanley, IFC and China Dinghui Investment & Fund Management Corporation. The partners helped its debt restructuring and waste heat-based power generation projects. The group currently has three cement clinker manufacturing bases in Jinan, Weifang and Zibo, and more...
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