China Construction set to make next big mainland IPO

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    clpstaff &clp articles

    Listing involves share transfer to national pension fund

    China State Construction Engineering Corporation (China Construction) will list in Shanghai in August, according to media reports.

    The China Daily said recently that the home building company, which is state owned, has completed the transfer of 1.2 billion shares to the national pension fund. This was done to fulfil a requirement found in new measures designed to help alleviate China's social security problems.

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