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COPYRIGHT 2006 Asia Pulse Pty Ltd
BEIJING, Nov 30 Asia Pulse - China Coal Energy Co, the country's leading coal mine operator, started its initial public offering (IPO) in Hong Kong yesterday, hoping to raise up to US$1.7 billion with a price range from 3.2 HK dollars to 4.05 HK dollars.
China's second-largest coal group by revenue is selling 3.25 billion shares, hoping to use 65 per cent of the IPO's proceeds to improve capacity and pay off bank loans, the...
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