Qingdao Port Group president Chang Chuande recently said that the port is planning to launch an initial public offering (IPO) on the mainland stock exchange during this year, Xinhua reported.
Mr Chang said the group has filed its application to the China Securities Regulatory Commission. He also divulged that the group is seeking overseas strategic investors this year, but refused to give more details.
Mr Chang earlier revealed that the group was planning to have its iron ore, oil, coal and container terminal business go public in Hong Kong to raise HK$4 billion (US$514 million).
Port of Qingdao is the second largest port for foreign trade in China. Last year, its container throughput rose 22.9 per cent year on year to 9.46 million TEU; overall cargo tonnage increased 18.2 per cent to 265 million tonnes.
Mr Chang said the group has filed its application to the China Securities Regulatory Commission. He also divulged that the group is seeking overseas strategic investors this year, but refused to give more details.
Mr Chang earlier revealed that the group was planning to have its iron ore, oil, coal and container terminal business go public in Hong Kong to raise HK$4 billion (US$514 million).
Port of Qingdao is the second largest port for foreign trade in China. Last year, its container throughput rose 22.9 per cent year on year to 9.46 million TEU; overall cargo tonnage increased 18.2 per cent to 265 million tonnes.