PetroChina begins IPO consulations for Shanghai listing


SHANGHAI (AP) - PetroChina, China's biggest oil and gas producer, was due to begin consultations Monday on pricing for an initial public offering in Shanghai expected to raise more than US$9 billion, possibly setting another record for a mainland bourse. 

The company said late Sunday that its up to 4 billion Shanghai shares are due to begin trading Nov. 5.  

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