China's state-owned Ningbo Port Group is poised for a dual Shanghai and Hong Kong initial public offering of shares in 2008 which has been aimed to raise as much as $2 billion.
Credit Suisse and JP Morgan have been enlisted to handle the port operator's Hong Kong listing while the Bank of China International will manage both its Hong Kong and Shanghai offerings.
Competing Chinese port operators such as the mainland's largest, China Merchant Holdings (International) Co Ltd, have had a bumper year wherein its share prices have doubled amid booming Chinese trade.
Ningbo port, located in the coastal province of Zhejiang south of Shanghai, is at the crossroads of the north-south shipping route and the Yangtze River.
The port comprises of several ports – the Beilun seaport, Zhenhai estuary port, the old Ningbo harbour which is now an inland river port, Daxie and Chuanshan.
It is one of the Chinese ports with cargo throughput volumes exceeding 100 million metric tonnes per year.
Credit Suisse and JP Morgan have been enlisted to handle the port operator's Hong Kong listing while the Bank of China International will manage both its Hong Kong and Shanghai offerings.
Competing Chinese port operators such as the mainland's largest, China Merchant Holdings (International) Co Ltd, have had a bumper year wherein its share prices have doubled amid booming Chinese trade.
Ningbo port, located in the coastal province of Zhejiang south of Shanghai, is at the crossroads of the north-south shipping route and the Yangtze River.
The port comprises of several ports – the Beilun seaport, Zhenhai estuary port, the old Ningbo harbour which is now an inland river port, Daxie and Chuanshan.
It is one of the Chinese ports with cargo throughput volumes exceeding 100 million metric tonnes per year.
