Dalian Port eyes tough dim sum market

01 Oct 2011

China’s Dalian Port (PDA) is planning to make its debut in the offshore renminbi market, but will have to overcome a market that has become increasingly difficult over the last few weeks.

The company has picked Bank of America Merrill Lynch, China Construction Bank, Deutsche Bank and UBS to manage the deal, and said in a statement on the Hong Kong stock exchange last week that it would use the money to repay some of its debt, and for general ...

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