Air China Cargo plans IPO to raise funds to increase freighter fleet
Air China Cargo is planning a ¥12bn ($1.65bn) IPO on the Shenzhen Stock Exchange to ...
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Pandaily.com reports:
De Well Holdings Limited, a provider of cross-border logistics solutions, submitted an application for a listing to the Hong Kong Stock Exchange (HKEx) on Wednesday night, with Citigroup and CICC as co-sponsors.
The firm said that this fundraising plan is intended to expand its global network and strengthen its regional share in major markets. In addition, the funds will be used to enhance the company’s integrated supply chain services and solutions, and to invest in technologies.
De Well Holdings’ prospectus shows that it is an end-to-end cross-border supply chain services provider. It offers integrated, digital and customized solutions to meet the differentiated needs of customers all over the world. Its scope includes freight services and performance value-added services…
The full story can be read here.
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