DealZone

DealZone Daily

January 28, 2010

Shares of China XD Electric Co, which raised $1.5 billion this month in a Shanghai IPO, unexpectedly fell in their trading debut on Thursday, serving a stark warning to China’s securities regulator that it may have gone too far in trying to cool the overheating stock market.  Read the Reuters story here.

And in other news:

Keolis, the transport unit of France’s state railway group SNCF, and British transport operator Arriva, are studying a possible equity link-up, French daily La Tribune reported.

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