Guilin Tourism Co. to Make IPO

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Thursday, April 20, 2000, updated at 09:35(GMT+8)

Business

Guilin Tourism Co. to Make IPO

Guilin Tourism Co., Ltd., the biggest tourism company in Guilin City, China's most popular tourism destination, will issue 40 million A shares, or common stocks in Renminbi yuan, on April 21.

According to the company's prospectus made available to Xinhua on April 19, its stocks will be sold at 6.86 yuan per share, raising a total of 260 million yuan for the company.

After the issuance, the company's stock will be listed on the Shenzhen Stock Exchange.

The company, with a registered capital of 180 million yuan, is said to be the largest tourism ompany in Guilin, in terms of assets, profit and tourists received.

Located in southwest China's Guangxi Zhuang Autonomous Region, Guilin receives millions of tourists from home and abroad a year.


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	Guilin Tourism Co., Ltd., the biggest tourism company in China's most popular tourism destination will issue 40 million A shares.




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