China COFCO to list property arm in Hong Kong

SHANGHAI: China's state-owned grain trading house COFCO plans to float shares of its property development operations by the end of 2011, the China Business News reported on Friday, Nov 19, citing COFCO chairman Gao Ning.

Citing unnamed sources, the newspaper reported that top investment bank China Investment Capital Corp was involved in the process and that COFCO planned to list the property business in Hong Kong. — Reuters
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