Dalian: Qingdao Port Group’s long held plans to list have resurfaced again with Bloomberg reporting the port is looking to raise up to $500m in a Hong Kong IPO. The sale could happen within the next three months, the financial newswire said.
Last year Qingdao was linked with a $300m Hong Kong listing. The port operates the world’s seventh-biggest port. It handled 450m tons of cargo and had a container throughput of 15.5m teu units last year. The container port was also deemed the most productive in China, according to a recent survey carried out by the Journal of Commerce. [01/04/13]