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Defense and Security Intelligence and Analysis: IHS Jane's

Chinese nuclear submarine propulsion company heads to market

By Jon Grevatt

8/23/2012

The China National Nuclear Corporation (CNNC) has revealed plans to launch an initial public offering (IPO) as part of Beijing's continuing drive to corporatise its state-owned defence industrial base.

CNNC said in a statement on 17 August that its IPO proposal had received formal approval from the Ministry of Environmental Protection after the department had completed a series of "quality assurance" inspections into CNNC subsidiaries.

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