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Fortescue may seek Shanghai listing
(Agencies)
Updated: 2009-05-11 17:17 Australian iron ore miner Fortescue Metals may list its shares in Shanghai, which plans to allow foreign listings under an ambitious development scheme, China News Service reported, quoting Fortescue CEO Andrew Forrest.
China has given no timeframe for allowing foreign companies to float shares in Shanghai, proposed as part of a plan to make the country's financial hub a global financial center by 2020. Forrest made the comments during a signing ceremony on Friday for a strategic partnership with Valin, the agency said. (For more biz stories, please visit Industries)
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