7 December 2019

Qinhuangdao Port cleared for Hong Kong listing, WSJ says

Qinhuangdao Port Co., China’s largest coal port operator by capacity, has received approval from Hong Kong authorities to launch an initial public offering of up to US$600 million in the city, the Wall Street Journal reported Thursday. The company will start gauging investor interest Friday for its US$400 million to US$$600 million offering and take orders during the week of Nov. 25 followed by a Dec. 12 listing on the Hong Kong stock exchange, the Journal quoted a source as saying. Qinhuangdao Port, which is controlled by the Hebei provincial government, had earlier sought to list in Shanghai but canceled that plan after Chese authorities suspended IPO approvals in the mainland last October.

– Contact HKEJ at [email protected]