Greater ChinaOffshore

BOMESC lists on Shanghai Stock Exchange

Tianjin-based BOMESC Offshore Engineering has officially listed on Shanghai Stock Exchange today.

According to the company’s IPO plan, BOMESC is issuing up to 58.7m shares at a price of RMB20.8 ($3) per share. The company’s share price closed at RMB29.97 today.

BOMESC is located at Tianjin Binhai area and mainly engages in international EPC services for the offshore oil and gas sectors.

The raised funds from the IPO will be used for the expansion of the company’s construction yard at Tianjin Lingang area.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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