Pursuits
Chinese Temple Where Women Pray for Kids Plans $118 Million IPO
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The managers of Putuo Mountain, a Buddhist shrine where worshippers go to pray for healthy children, want to raise 750 million yuan ($118 million) in an initial public offering, China Daily reported today.
The Putuo Mountain Tourism Development Co., in the eastern province of Zhejiang, plans to seek the listing after “prudent considerations and a year of preparation,” the newspaper said, citing an official with the site’s management committee.