PetroChina will have IPO on November 5th
Submitted by Bill Belew on Monday, 22 October 2007No Comment
PetroChina is China's largest oil and gas producer.
The company will have its IPO on November 5th.
For the next few days, the IPO price range will be established.
The company has been approved to sell up to 4 billion shares in Shanghai and hopes to raise $5.02 billion.
PetroChina plans to boost production capacity and build more production facilities.
The company also plans to invest in upgrading oil refineries and ethylene facilities.
I don't buy stocks….but if I did..I'd buy them in PetroChina.
The company can't help but grow.
What do you think?
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