China tobacco monopoly's global unit plans Hong Kong IPO - World News Report
HONG KONG: The international wing of the world's largest cigarette maker - a Chinese state-owned tobacco monopoly - plans to list on the Hong Kong stock exchange, filing documents showed Wednesday (Jan 2). The unit seeking listing only accounts for a fraction of China National Tobacco Corporation, a hugely profitable state-run behemoth that has a monopoly on tobacco inside the …
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