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China’s CCCC to float S.China Sea-linked dredging unit in Hong Kong

Posted on July 24, 2015

Chinese firm CCCC Dredging, which analysts say is involved with China’s island-building work in theSouth China Sea, has filed an application to list on theHong Kong stock exchange.

The firm, which is being spun off by state-owned China Communications Construction Company (CCCC) . is looking to raise about $800 million to $1 billion in the fourth quarter, IFR reported citing sources.

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