The Chinese government has hired two foreign banks to restructure some of the country’s best railway assets with a view to listing the holding company in an initial public offering that could be worth as much as $5bn. Macquarie Securities and JPMorgan have been employed to arrange the restructuring with a view to a potential Shanghai and Hong Kong listing expected in the summer of 2010.

This entry was posted by Gwen Robinson on Friday, July 3rd, 2009 at 5:10 and is filed under Capital markets. Tagged with jpmorgan, macquarie. Edit this entry.