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Central China Securities seeks to raise 2.8B yuan in Shanghai IPO

Central China Securities Co. Ltd. is seeking to raise up to 2.8 billion yuan via its planned IPO in Shanghai, Reuters reported Dec. 15, citing a Chinese-language release.

The brokerage plans to issue up to 700 million shares at 4 yuan per share in its IPO.

As of Dec. 14, US$1 was equivalent to 6.90 Chinese yuan.