久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

   

Yale to invest in China Railway Construction

(China Daily/Agencies)
Updated: 2008-02-26 11:43

Yale University, home to the second-biggest North American college endowment fund, is investing $50 million in the first-time Hong Kong share sale of China Railway Construction Corp, said sources.

Related readings:
China lets foreign investors buy more
Raiway contractor expects A shares to debut Mar 10
Rail builder to raise $3.1b in IPO
Railway contractor wins $2.6b bids in Libya

Yale is among nine so-called cornerstone investors that will buy a combined $450 million worth of shares, the sources said, declining to be identified because the information has yet to be publicly announced.

China Railway Construction plans to raise as much as $5.4 billion. It is the world's largest share sale this year, according to Bloomberg data.

The stock offering is taking place amid the slowest start to Hong Kong's share sale market since 1999 and as more than 80 companies delayed or scrapped stock offerings worldwide after markets fell on concerns of a global economic slowdown.

"Last year was characterized by a lot of liquidity chasing all the IPOs," said Winson Fong, who manages about $600 million at SG Asset Management in Hong Kong. "This year we'll be more selective. This is one of the bigger ones in the beginning of the year. There will still be lots of demand for this IPO."

The cornerstone investors, which also include two Singapore government-backed funds and Hong Kong billionaires, are guaranteed stock in the share sale in exchange for a commitment to not sell the shares for 12 months, the people said.

It is a rare cornerstone investment for both Yale and Temasek Holdings Pte, Singapore's sovereign wealth fund, which is also buying $50 million worth of shares, they added.

China Railway Construction aims to sell as many as 2.45 billion yuan-denominated shares in Shanghai at 8 yuan to 9.08 yuan each for as much as 22.25 billion yuan ($3.11 billion), according to a statement to the Shanghai Stock Exchange late Monday.

It will offer about 1.71 billion shares in Hong Kong at HK$9.93 to HK$10.70 each for as much as HK$18.25 billion, said the people.

The Hong Kong offering values the company at 26.6 to 28.7 times this year's profit as estimated by banks arranging the sale, the sources said. China Railway Group Ltd, its closest rival, trades at about 41 times this year's earnings, according to Bloomberg data. The two companies each control about 45 percent to half of China's railway construction work, according to a Macquarie Group Ltd report dated February 5

Citigroup Inc, CITIC Securities Co and Macquarie are arranging the share sales.

China Railway Construction is scheduled to start trading in Shanghai on March 10, it said in a document on Feb 15. It will start trading in Hong Kong on March 13.


(For more biz stories, please visit Industry Updates)



久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    国产欧美精品一区二区三区四区 | 精品国产乱码91久久久久久网站| 毛片av一区二区三区| 日韩欧美亚洲一区二区| 国产精品2024| 亚洲男人电影天堂| 91精品国产手机| 国产麻豆视频一区二区| 中文字幕一区二区三区av| 精品视频一区 二区 三区| 麻豆免费精品视频| 国产精品久久久久一区二区三区| 欧美在线免费观看亚洲| 久久精品国产一区二区| 国产精品国产馆在线真实露脸| 欧美三级一区二区| 国产一区二区伦理片| 亚洲乱码国产乱码精品精可以看| 欧美日韩国产免费一区二区| 国产精品一区在线观看乱码| 亚洲精品伦理在线| 日韩美一区二区三区| 99久久久久久| 秋霞电影网一区二区| 欧美国产视频在线| 欧美日韩一区国产| 国产成人精品一区二区三区四区| 一区二区三区四区av| 精品国产乱码久久久久久久久| 99精品国产一区二区三区不卡| 日本在线播放一区二区三区| 国产精品美女www爽爽爽| 欧美美女一区二区三区| 国产精品91一区二区| 亚洲电影视频在线| 中文字幕久久午夜不卡| 这里只有精品电影| 99精品在线免费| 久久国产人妖系列| 亚洲精品视频免费观看| xnxx国产精品| 欧美日韩国产一区| 成人h精品动漫一区二区三区| 日韩电影在线免费| 亚洲免费伊人电影| 国产色91在线| 在线综合+亚洲+欧美中文字幕| eeuss国产一区二区三区| 久久黄色级2电影| 亚洲精品国产视频| 国产欧美日韩三区| 欧美一区二区视频在线观看2020| 91在线视频免费91| 国产福利一区在线| 捆绑变态av一区二区三区| 亚洲综合色自拍一区| 欧美国产成人精品| 欧美tickling挠脚心丨vk| 欧美午夜精品久久久久久孕妇| 国产99久久久国产精品免费看| 蜜桃视频一区二区| 性久久久久久久久| 亚洲欧美日韩中文字幕一区二区三区 | 99精品视频在线免费观看| 国产一区二区三区| 蜜芽一区二区三区| 亚洲一区二区三区四区在线| 中文字幕亚洲一区二区av在线| 精品国产乱码久久久久久闺蜜| 欧美色爱综合网| 91久久精品网| 99re6这里只有精品视频在线观看| 国产精品一区二区不卡| 国内久久精品视频| 麻豆精品精品国产自在97香蕉| 视频一区二区三区在线| 亚洲精品午夜久久久| 国产欧美日韩在线| 国产午夜亚洲精品理论片色戒| 精品国产成人系列| 欧美本精品男人aⅴ天堂| 日韩一区二区三区在线观看| 欧美日韩不卡在线| 精品视频资源站| 欧美无人高清视频在线观看| 色一情一乱一乱一91av| 99精品视频中文字幕| 99麻豆久久久国产精品免费优播| 成人永久免费视频| 国产成人免费视频精品含羞草妖精| 国产在线麻豆精品观看| 久久99在线观看| 精品一区二区三区久久| 久久se精品一区精品二区| 麻豆精品在线视频| 久久99国产乱子伦精品免费| 极品少妇一区二区| 狠狠久久亚洲欧美| 国产美女精品一区二区三区| 国产精品一区二区在线观看不卡| 国产精品一区二区免费不卡| 国产乱妇无码大片在线观看| 国产成人高清视频| 不卡av免费在线观看| 97成人超碰视| 色婷婷综合久久久中文一区二区| 91蜜桃视频在线| 在线精品视频免费播放| 欧美日韩国产一区| 日韩一区二区中文字幕| 日韩精品自拍偷拍| 久久久久久久久久久电影| 国产欧美在线观看一区| 国产精品每日更新| 一区二区三区在线播放| 日日摸夜夜添夜夜添精品视频| 日韩中文字幕av电影| 韩国三级在线一区| 国产a视频精品免费观看| 91亚洲精品久久久蜜桃网站| 欧美影院精品一区| 91精品国产aⅴ一区二区| 精品日韩欧美在线| 欧美国产精品劲爆| 亚洲免费观看高清完整版在线| 亚洲大片免费看| 麻豆91精品视频| 国产精品系列在线观看| 91啦中文在线观看| 777久久久精品| 国产亚洲一区二区三区在线观看 | 亚洲国产中文字幕| 久久国产综合精品| 成人aaaa免费全部观看| 欧美视频一区二区三区四区| 日韩欧美中文字幕一区| 日本一区二区综合亚洲| 亚洲愉拍自拍另类高清精品| 蜜桃一区二区三区在线观看| 成人激情视频网站| 欧美午夜免费电影| 精品国产成人系列| 亚洲人成人一区二区在线观看| 日韩黄色在线观看| 高潮精品一区videoshd| 欧美色综合久久| 久久久久高清精品| 一级女性全黄久久生活片免费| 久久99精品一区二区三区| 91色综合久久久久婷婷| 日韩一区二区影院| 国产精品毛片久久久久久久| 日日摸夜夜添夜夜添亚洲女人| 国产成人aaaa| 欧美日韩国产大片| 中文字幕av在线一区二区三区| 亚洲成人一二三| 成人午夜在线播放| 在线播放视频一区| 国产欧美日产一区| 日韩成人一级大片| 成人激情免费网站| 日韩欧美一级二级| 一区二区久久久| 国产一区欧美一区| 欧美日韩五月天| 国产亲近乱来精品视频| 日韩高清一级片| 91在线视频在线| 久久一日本道色综合| 午夜激情一区二区| www.亚洲国产| 精品99999| 丝袜亚洲精品中文字幕一区| 99久久精品国产麻豆演员表| 精品国产麻豆免费人成网站| 亚洲一区二区三区视频在线播放 | 国产欧美久久久精品影院| 日韩高清不卡在线| 在线亚洲欧美专区二区| 国产农村妇女精品| 久久成人精品无人区| 欧美日韩精品免费观看视频| 国产精品美女一区二区| 激情国产一区二区| 91麻豆精品久久久久蜜臀| 伊人婷婷欧美激情| 成人精品一区二区三区中文字幕| 日韩三级电影网址| 亚洲一区二区三区视频在线播放| 成人精品电影在线观看| 久久影院视频免费| 男人操女人的视频在线观看欧美| 欧美在线综合视频| 亚洲欧美在线视频| 国产69精品一区二区亚洲孕妇| 精品国产一二三| 日本成人超碰在线观看| 欧美午夜精品免费| 一区二区三区四区中文字幕|