Inner Mongolia Shuangxin Environment-Friendly Material (SHE:001369) launched its initial public offering on the Shenzhen bourse, seeking to offer up to 287 million shares, according to a prospectus filed Thursday.
The coal chemical and polyvinyl alcohol manufacturer's IPO shares will constitute about 25% of the company's entire shareholding following the offer.
Upon completion of the IPO, Shuangxin's share capital will rise to about 1.15 billion shares.
China International Capital Corp. (HKG:3908, SHA:601995) is the sponsor and lead underwriter of the offering.
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