News / Chinese logistics group De Well eyes a Hong Kong IPO

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Chinese logistics group De Well is seeking a listing of one of its entities on the Hong Kong Stock Exchange.

Cayman Islands-incorporated De Well Holdings is part of the group founded by former Cosco employees Yang Shi and his wife, Cheng Fang, with De Well International Freight Forwarding (Shanghai) in 1992.

The De Well Holdings prospectus, filed last week, gave no timeframe for the listing, which aims to raise funds for business expansion. Citi and China International Capital Corporation are joint bookrunners, ...