Another big one.
China Coal Energy Co (1898.HK: Quote, Profile, Research) has hired a Morgan Stanley joint venture to handle its roughly US$4.3 billion Shanghai listing, amid a bullish outlook for Chinese coal demand, sources familiar with the situation said on Thursday.
The country's second-largest coal producer has hired China International Capital Corp (CICC), in which Wall Street bank Morgan Stanley holds a 34.3 percent stake, to sponsor its Shanghai IPO, which is expected to be launched in December, the sources said....MOREYa think this is a wild-west market?
"For mainland investors who missed the opportunity to buy Shenhua, they would definitely focus on China Coal's Shanghai IPO," he said, adding that China Coal would also be another "must-buy" choice for most domestic fund managers. (US$1=HK$7.8)