Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

China Machinery Engineering Surges on Debut: Hong Kong Mover

China Machinery Engineering Corp., a state-controlled contractor with projects in countries including Nigeria, Serbia and Ivory Coast, surged 17 percent on its Hong Kong debut after a HK$3.9 billion ($500 million) share sale.

The company rose to HK$6.30 at the close in Hong Kong trading, as compared with its offer price of HK$5.40. Hong Kong’s benchmark Hang Seng Index dropped 0.7 percent.

The initial share sale was the third-biggest in Hong Kong in the past 12 months, behind offerings by People’s Insurance Co. Group of China Ltd. and Sunshine Oilsands Ltd., according to data compiled by Bloomberg. China Machinery, which said it will use most of the proceeds to finance overseas projects, is expanding abroad as the country seeks closer ties with developing nations and greater access to raw materials.

China Machinery sold 718 million shares in the offering, including $50 million investments from PICC and CSR Corp.

The Beijing-based unit of China National Machinery Industry Corp. offers engineering services and sells equipment and machinery in more than 150 countries and regions, primarily in Asia, Europe and Africa, according to its prospectus.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.