Ningbo Ocean Shipping (NBOSCO), plans to raise around $261m in an IPO on the Shanghai Stock Exchange to expand its fleet of containerships and bulk carriers, and buy 10,000 teu of containers.
The go-ahead for the listing came on Friday, although the decision to go for the IPO was made back in December 2020.
Parent group Ningbo-Zhoushan Port, which is controlled by the Chinese government and oversees China’s second-busiest container port, holds 1.06 billion …
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