Friday, March 07, 2008

Qingdao Port seeks approval for domestic IPO -chairman

China's Qingdao Port (Group), China's third-largest container port operator, is seeking approval for a domestic share offering and hopes to attract foreign investors ahead of the IPO, the company's chairman said on Wednesday.

"We want to issue shares in the domestic market, not in overseas markets," Chang Dechuan told reporters on the sidelines of the National People's Congress annual meeting in Beijing. "We have already got some foreign investors, but we welcome more foreign investors ahead of an IPO."

He said the company had submitted documents to relevant parties, including the China Securities Regulatory Commission.

He said the intended size of the planned share issue had not been decided.

No comments:

Enter your email address:

Delivered by FeedBurner