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CSCL IPO Approved
2866.HK, CSCL, China Shipping Container Lines Company Limited
Posted by: Li Jun on Nov 28, 2007 | 16:11
Editorial Summary
China's largest container ship operator China Shipping Container Lines Company Limited (CSCL) (2866.HK) on Wednesday announced plans to issue up to 2.3 billion domestic A-shares after its domestic listing application was approved by the China Securities Regulatory Commission on Tuesday. The company will spend 8.8 billion Yuan of the funds raised from the listing for building 16 container ships, two billion Yuan for the acquisition of assets related to its core business, and 1.2 billion Yuan to fund operations and repay loans.
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