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SIPG announces share sale

SIPG announces share sale

Shanghai: Trading was suspended today of shares of Shanghai International Port (Group), China's biggest port operator, as it announced plans to sell 1.76 billion shares at 4.49 yuan apiece in a private placement of shares to buy two port projects from its parent. SIPG is not the only port entity to being making waves on the Shanghai stock exchange. Hong Kong-listed Dalian Port is also gearing up for a Shanghai IPO to help expansion plans.  [29/10/10]

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