Chinese tanker owner Nanjing Shenghang Shipping has announced that the company is now planning an IPO.
Shenghang Shipping has already submitted an application with China Securities Regulatory Commission (CSRC) and has appointed Zhongshan Securities for listing guidance service. The company didn’t reveal the stock exchange it has chosen.
If the application is approved by CSRC, Shenghang Shipping will suspend its current stock trading on the National Equities Exchange and Quotations (NEEQ).
Shenghang Shipping mainly operates in the domestic petrochemical shipping business with a fleet of 12 chemical tankers.