Sinopacific Shipbuilding Plans Shanghai Listing

Sinopacific Shipbuilding Group Co. Ltd. plans to list on the Shanghai Stock Exchange in June 2008, raising about $670.6m, a source close to the matter told XFN-Asia. The source said the company has filed its listing application with the securities regulator, with CITIC Securities expected to underwrite the issue. In addition, the company also plans to introduce AXA Group and Bank of China International (BOCI) as strategic investors, the source added. [Source: http://www.forbes.com]