Tangshan Port Group debuted on the Shanghai Stock Exchange on July 5, reports the Securities Times. Tangshan Port shares closed down 3.9 percent from their issue price of 8.20 yuan to close at 7.88 yuan.
Proceeds raised from the initial public offering (IPO) will be earmarked for the construction of 20-22 berths.
Tangshan Port, located in Hebei Province, is a major port in China, with the ability to dock 100,000 ton ships. It currently has 28 berths, operating bulk and container transportation.
Proceeds raised from the initial public offering (IPO) will be earmarked for the construction of 20-22 berths.
Tangshan Port, located in Hebei Province, is a major port in China, with the ability to dock 100,000 ton ships. It currently has 28 berths, operating bulk and container transportation.