Zhonggu Logistics, an affiliate of China’s largest domestic liner operator Zhonggu Shipping Group, plans to raise CNY1.5 billion (US$214 million) through an IPO of its shares on the Shanghai Stock Exchange.
The China Securities Regulatory Commission approved Zhonggu Logistics’ IPO application on 23 July 2020. Chinese investment bank China International Capital Corporation is underwriting the share issuance.
Previously listed on Chinese over-the-counter bourse National Equities Exchange and...