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CCCC Dredging To Open Funding Channel

Posted on November 5, 2015

By Daisy Wu, The Standard

China Communications Construction Co. (1800) wants to raise up to HK$7.8 billion in Hong Kong via a float of its dredging unit to finance the acquisition of new ships and to upgrade its existing fleet.

It plans to use the rest of the IPO proceeds for overseas business expansion, research and development and establishment of information systems.

It earlier targeted a listing in the fourth quarter, but said the float will only take place when the local stock market has recovered sufficiently


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