China Railway Construction A-shares start trading today

China Railway Construction Corp (CRCC)<601186><1186>'s A-shares will start trading from today, according to the company's statement released last Friday.

The company raised a total of RMB 22.25 billion by issuing 2.45 billion A-shares priced at RMB 9.08 apiece on the Shanghai Stock Exchange last month. The offering is also the largest new offering in the Asia-Pacific region this year.

CRCC's H-shares will debut on the Hong Kong Stock Exchange (HKEx) on Mar. 13.

After the offering, CRCC will still be the largest shareholder of the company holding 74.68% stake, while three domestic insurers, namely China Life<601628><2628>, Taikang Life and Pacific Life Insurance, are the other primary shareholders.

As to the end of November 2007, CRCC's total assets amounted to RMB 155 billion, and its net profit in 2007 is estimated to hit RMB 3.11 billion.