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CHINA> National
Shares of CSCEC jump 56.22% on debut
(chinadaily.com.cn)
Updated: 2009-07-29 16:39

China State Construction Engineering Corp (CSCEC), China's largest home builder, closed at 6.53 yuan on its first trading day, up 56.22 percent from its offering price of 4.18 yuan per share, but lower than its opening price of 6.7 yuan.

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The Shanghai-listed CSCEC made the world's largest initial public offering, by raising 50.2 billion yuan ($7.3 billion) last week.

Shares fell 5 percent to 3,266.43 points on July 29.