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CSBC gets green light for listing by year-end

CSBC gets green light for listing by year-end

Taipei: It's been a long time coming but finally state-run CSBC Corp, Taiwan (CSBC), formerly known as China Shipbuilding Corp, has won the approval of stock exchange regulators to float an IPO likely by the end of the year despite precipitous conditions for the global economy.
CSBC will sell 51 percent of its shares, or 340 million shares, to the public for a total of NT$6.66bn, or NT$19.59 per share. [5/9/08]


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