State-Run Media Outlet Plans Shanghai Listing
(Beijing) -- People's Daily Online, owned by the communist party's official newspaper People's Daily, plans to raise 527 million yuan in an initial public offering. The proposal for the listing is set to be reviewed by China's securities regulator on January 13.
According to a statement released by China Securities Regulatory Commission on January 9, People's Daily Online plans to issue 69.1 million shares on the Shanghai stock exchange to supplement its operation capital, representing a quarter of its total capital after the issuance.
- Graphic: Should It Stay or Should It Go?
- Senior Inner Mongolia Official Latest to Run Afoul of Graft Investigators
- Closer Look: Jack Ma Loves Hong Kong. So Is He Moving There?
- Modi's India Awaits China's Xi
- After Years of Dominance, UnionPay's Enemies Arrive at the Gates
- 500 Bln Yuan Question: Is PBOC Going to Ease Liquidity for Certain Banks?
- Scotland Referendum
- Myanmar Heroin
- Cloudy River
- Typhoon Kalmaegi
- Sign up to receive our free daily newsletter
- UnionPay, Apple Said to Agree on U.S. Firm's New Payment Technology
- Coming to Grips with Ammonia in China's Haze
- Gov't Again Cracks Down on Schools for Migrant Workers' Children
- Closer Look: Alibaba's Looming IPO Sends Shockwaves through Bourses at Home, Abroad
- New-Energy Car Market Is Open Road, BYD CEO Wang Chuanfu Says
- PBOC Punishes Payment Companies for Mishandling Bank Card Transactions
- Media Outlet Blackmailed over 100 Companies, Xinhua Reports
- Cutting Pay of SOE Bosses Just the Beginning of Necessary Changes
- Shenzhen's Qianhai Zone Joins Overseas E-Commerce Pilot
- Amid Market Downtown, China's Developers Dig In