Jiangsu Rongsheng Heavy Industries has been given the green light for a Hong Kong listing which could see the builder bag $1.5bn.
Pre-marketing of the initial public offering (IPO) could go ahead as early as next week, the Wall Street Journal reported on Friday without disclosing its source.
Reports of the imminent listing would corroborate with a report from Reuters in May this year which pointed to a probably IPO in the fourth quarter, two years after the builder abandoned its initial effort at a floatation due to dire market conditions.
Reuters
