RTR: Oman's Asyad Group plans to sell at least 20% of shipping unit via IPO
REUTERS reports: Oman’s state-owned logistics firm Asyad Group plans to sell shares in its shipping subsidiary ...
MAERSK: ROTTERDAM TEMPORARY SUSPENSION OF OPERATIONSATSG: OWNERSHIP UPDATERXO: COYOTE FILLIP GONEGM: SUPPLY CHAIN HITBA: CUT THE FAT ON THE BONER: STEADY YIELDMAERSK: SELL-SIDE UPDATESDAC: TRADING UPDATE OUT SOONTSLA: FEEL THE PAIN IN CHINAWMT: GUESS WHATXPO: SURGINGAMZN: LOOKING FORWARDCHRW: PAYOUT UNCHANGEDWTC: NEW HIGH MAERSK: 'AFLOAT IN A SEA OF RISK' F: TARIFF TRAFFIC WARNINGHON: GAUGE THE UPSIDE
MAERSK: ROTTERDAM TEMPORARY SUSPENSION OF OPERATIONSATSG: OWNERSHIP UPDATERXO: COYOTE FILLIP GONEGM: SUPPLY CHAIN HITBA: CUT THE FAT ON THE BONER: STEADY YIELDMAERSK: SELL-SIDE UPDATESDAC: TRADING UPDATE OUT SOONTSLA: FEEL THE PAIN IN CHINAWMT: GUESS WHATXPO: SURGINGAMZN: LOOKING FORWARDCHRW: PAYOUT UNCHANGEDWTC: NEW HIGH MAERSK: 'AFLOAT IN A SEA OF RISK' F: TARIFF TRAFFIC WARNINGHON: GAUGE THE UPSIDE
DEALSTREETASIA reports that Zhonggu plans to use IPO proceeds “to purchase containers and container ships”.
– The listed entity is Shanghai Zhonggu Logistics
– The deal was reportedly oversubscribed (7.5x)
– Zhonggu Shipping controls Shanghai Zhonggu Logistics (background here) and maintains a majority stake post-IPO
– CICC was the lead underwriter of the deal.
The full story can be read here.
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