The State-owned Song Da Corporation (Song Da) will offer nearly 220 million shares at its initial public offering (IPO) next month, the company said in a statement on its website.
Song Da Corporation will sell nearly 200 million shares, equivalent to 48.82 per cent of its charter capital through the initial public offering (IPO) scheduled in 2019, the company has announced.
The Ministry of Construction suggests the State retain a controlling
stake in Song Da Corporation after its equitisation given the company''s
large-scale business operations.