News / Hong Kong freight forwarder Excel Network lodges IPO application

© Khunaspix Dreamstime.com.

Hong Kong freight forwarder Excel Network has joined a number of companies in the container shipping market in publicly listing on the Hong Kong Stock Exchange.

Founded in 1997 by CEO Wong Tat Shing and chairman Ramthur Chim, the group has incorporated ENL Group Holdings in the Cayman Islands to apply for a listing in Hong Kong.

The listing prospectus, filed on 30 May, did not give any timeframe and fund-raising target for the IPO.

The group started out with ocean freight from ...