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SIPG ready for local listing

SIPG ready for local listing

Shanghai: Shanghai International Port (Group) Co Ltd said it plans to issue 2.42 bln A-shares priced at 3.67 yuan in a domestic initial public offering, a statement on the China Securities Regulatory Commission's (CSRC) website said.  The price represents a 28.01 times price to earnings ratio based on the group's forecast net profit for 2006. Net earnings are forecast to reach 2.75 bln yuan this year with its diluted earnings per share at 0.1310 yuan.   [05/09/06]

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