china communications construction

The country's biggest port builder sells 1.35 billion shares at Rmb5.4 each, the higher end of the price range.

The company sets the price range for its IPO at Rmb5 to Rmb5.4 a share and will kick off an accelerated two-day bookbuilding today.

The port builder cuts its Shanghai IPO to a quarter of its original size, just one day after China Oilfield Services scraps a planned $1.1 billion share placement.