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Chinese Firms Plan Swiss Share Sale Launch This Week, Sources Say

Three Shanghai-listed companies plan to start taking investor orders for their global depository receipts in Zurich as soon as Friday, according to people with knowledge of the matter, as they vie to be among the first Chinese firms tapping the Swiss market in the new stock connect regime.

Building materials manufacturer Keda Industrial Group Co. and Ningbo Shanshan Co., a lithium battery materials maker, are looking to open their books to investors on Friday, the people said. Battery manufacturer Gem Co. could also take orders as soon as in the coming days, the people said.