Sinoma Plans HK Listing in 07

Sinoma Plans HK Listing in 07
Published: 06 December 2006

China National Materials Industry Group (Sinoma), a state-run building materials maker, is preparing for an initial public offering in Hong Kong. 
The Beijing-based company will not consider the dual-listing mode of listing both in Hong Kong and mainland bourses at present and is predicted to finish the Hong Kong listing in the first half of 2007, disclosed a source close to the company.
Presently, Sinoma has three publicly traded subsidiaries, namely Sinoma International Engineering Co., Ltd., Xinjiang Tianshan Cement Co., Ltd. and Sinoma Science & Technology Co., Ltd.
Sinoma is directly under the control of the Administration of State-owed Assets Supervision and Administration Commission of the State Council and the only enterprise that possesses a series of core technologies and complete innovation system in non-metallic materials industry in China