News / CULines plans Hong Kong stock listing as it eyes expansion

© CULines

China United Lines (CULines) has applied to be listed on the Hong Kong Stock Exchange.

The liner operator, which is majority owned by the Chinese state, did not provide any fund-raising target or timetable in its listing prospectus, but stated that it plans to use the proceeds to expand its fleet, acquire warehouses and container yards, and to expand its logistics services, as well as to grow its service network.

China International Capital Corporation and Citi are the joint bookrunners of CULines’ ...