China Tobacco's overseas unit files for Hong Kong IPO

China Tobacco's overseas unit files for Hong Kong IPO

A worker transports cigarettes to vehicles outside a China Tobacco wholesale centre in Dalian, Liaoning province, China May 11, 2012. Picture taken May 11, 2012. REUTERS/Stringer

China Tobacco International, the overseas subsidiary of China’s state-owned tobacco monopoly and the world’s largest tobacco producer by volume, has filed for a Hong Kong initial public offering (IPO).

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