Largest Property Developer Prepares for Share Issue

2004/06/24

Beijing's largest property developer has announced its plans to issue an Initial Public Offering (IPO) to raise US$4 billion. Beijing Capital managers confirmed the IPO is probably three years off and cautioned the market as to whether US$4 billion would be the final figure.

Beijing Capital was created in 1985 as a management structure for state companies Beijing Capital, Chengdu Qianfeng Electronic, Super Shine, and HIT Shouchuang Technology.



	Article featured in Business Beijing, April 2004 Publication sponsored by Information Office of the Beijing Municipal Government, Beijing Municipal Bureau of Commerce, Development & Reform Commission of Beijing Municipality, China Council for the Promotion of International Trade (Beijing Sub-Council)