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Zhengzhou Coal Machinery - China's largest maker of certain equipment for mining - may offer...
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Friday, September 28, 2012, 7:22 AM ETZhengzhou Coal Machinery - China's largest maker of certain equipment for mining - may offer shares in Hong Kong at as much of a 15% discount below the Shanghai price. Some discount is customary, but 15% suggests it's difficult to lure buyers amidst the slowing economy. A big discount does not necessarily mean cheap valuation, says a fund manager.
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