Shanghai: Chongqing-based Minsheng Shipping’s IPO review has been terminated by China Securities Regulatory Commission (CSRC).
The shipping company pre-announced its initial IPO plans on the website of CSRC in May 2012.
According to the prospectus, Minsheng Shipping planed to issue 68.5m shares through the IPO and to be listed on the Shanghai Stock Exchange.
Shipping shares in China have gone through very tough times of late. [02/05/13]
