SITC International Holdings Co Ltd, a China-based shipping and logistics company, is expected to raise up to HK$2.34 billion ($301 million) in an initial public share offering, a Hong Kong newspaper reported on Monday.
SITC is expected to kick off its Hong Kong IPO later this month or early next month, with dealing in the shares expected in mid-September, the Apple Daily reported, citing market sources.
Citigroup Inc was handling the deal, the newspaper said. It gave no further listing details.
SITC is expected to kick off its Hong Kong IPO later this month or early next month, with dealing in the shares expected in mid-September, the Apple Daily reported, citing market sources.
Citigroup Inc was handling the deal, the newspaper said. It gave no further listing details.