Jin Jiang Shipping IPO fails to hit target, but shares rise
Shanghai Jin Jiang Shipping (JJ Shipping), the liner subsidiary of Shanghai International Port Group (SIPG), ...
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…
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