Dalian: Qingdao Port Group has dropped its initial plan to list on Shanghai Stock Exchange, and is now considering a US$200m-300m from an IPO in Hong Kong by the first quarter of next year.
The port operator has hired BOC International, Citic Securities International and UBS AG to handle the IPO.
Qingdao Port planned to go public in either Shanghai or Hong Kong between 2007 and 2008, however, the plan was suspended due to the global financial crisis. [05/06/13]
