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Xugong nodded for IPO

(chinadaily.com.cn)
Updated: 2009-07-28 17:42

Xuzhou Construction Machinery Group (Xugong), China's leading construction machinery manufacturer, announced that it had won the approval from the country's securities supervisor to issue shares on the mainland stock market, according to Chinanews.com.

Wang Ming, president of Xugong, said the group was given the green light for initial public offerings from China Securities Regulatory Commission on June 23, after it completed assets restructuring.