Ningbo Port Group is divesting its feeder operating subsidiary, Ningbo Ocean Shipping Company (NBOSCO), through a separate listing on the Shanghai Stock Exchange.
Following a board meeting on 28 December 2020, it was decided that in order to “better integrate resources and expand and strengthen the shipping business”, plans were underway to list NBOSCO.
Less than half of NBOSCO’s shares would be floated, allowing Ningbo Port Group to retain control over the operator.
Incorporated in July 1992,...
https://container-news.com/nbosco-to-be-listed-on-shanghai-stock-exchange/