• BIST 107.202
  • Altın 145,263
  • Dolar 3,5161
  • Euro 4,1312
  • İstanbul 25 °C
  • Ankara 21 °C

Zhejiang to launch in Shanghai

Zhejiang to launch in Shanghai
Chinese shipping company Zhejiang Ocean Shipping will launch an initial public offering on the Shanghai Stock Exchange in order to finance fleet expansion, according to local reports.

Zhejiang Ocean Shipping to launch in Shanghai

Chinese shipping company Zhejiang Ocean Shipping will launch an initial public offering on the Shanghai Stock Exchange in order to finance fleet expansion, according to local reports.

The company is planning to issue up to 100m shares this year in a bid to raise up to Yuan2bn ($290m). The capital from the IPO will be used for the acquisition for 10 capesize bulk carriers which are scheduled for delivery in 2012. Total tonnages of the vessels were not disclosed.

The China Securities Regulatory Commission is reviewing the IPO proposal.

Zhejiang Ocean Shipping is an affiliate of the state-owned Zhejiang Communications Investment Group and is mainly engaged in the shipment iron ore and coal. The company owns more than 10 panamaxes and capesizes.

www.turkishmaritime.com.tr

This news is a total 2057 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |