Qingdao Port Seeks to Raise up to $300 Million in HK IPO

The Wall Street Journal 04 June 2013
Port operator Qingdao Port (Group) Co. has dropped its plan to list in Shanghai and is now looking to raise US$200-US$300 million from an initial public offering in Hong Kong, people familiar with the situation said Tuesday.
A deal could take place by the first quarter next year, the people said.
Qingdao Port’s journey to the IPO market has been fraught with difficulties.
The company was initially looking to list either in Hong Kong or mainland China around 2007-2008, but had to drop its plans when the global financial crisis hit, hammering the global shipping sector.
Next, it started thinking about an offering in Shanghai, but China stopped approving IPOs. Now it has turned once again to Hong Kong.
The company has hired BOC International, Citic Securities International and UBS AG to handle the planned offering.
Source: http://blogs.wsj.com/moneybeat/2013/06/04/qingdao-port-seeks-to-raise-up-to-300-million-in-hk-ipo/