Qingdao port plans IPO

Hong Kong: Chinese port operator Qingdao Port International Co Ltd plans to raise up to HK$2.9bn ($374.03m) in an initial public offering in Hong Kong, to fund port development, local media in Hong Kong reported this morning.

Qingdao port joins a raft of other mainland port cities using the Hong Kong bourse to raise cash.

The port is one China’s largest and can also claim the highest box productivity of any Chinese port, according to a study by the Journal of Commerce.  [26/05/14]

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