Qinhuangdao Port meets investors for $700m HK IPO
China’s largest coal port operator — Qinhuangdao Port — started premarketing its $700m Hong Kong IPO on November 8 as it joins a long line of Chinese companies looking to list on the city’s stock exchange by the end of the year.
Qinhuangdao Port plans to offer 829m H-shares, of which 9% will be provided by China’s National Social Security Fund, which is being automatically allocated 10% of the deal for free, in line with CSRC rules for H-share fundraising.
Premarketing is scheduled to run for two weeks until November
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