China Metallurgical prepares for biggest IPO of the year

China Metallurgical Group, a diversified resources conglomerate, is preparing a blockbuster double stock market listing in Hong Kong and Shanghai later this year, according to people familiar with the matter.

The Hong Kong H-share could raise up to US$2.7bn, said people familiar with the matter, and so possibly become the world’s largest initial public offering of 2009.

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