News / TS Lines expects HK IPO next year as returns outperform expectations

The chairman of Taiwanese intra-Asia carrier TS Lines, Chen Te-sheng, has confirmed that the carrier plans an IPO, probably in Hong Kong, next year.

A general manager at Wan Hai Lines before establishing TS Lines in 2001, Mr Chen said the timing was right for a listing, with the company set to post its best-ever results this year.

TS Lines reported a $394.12m net profit for H1 21 this week – exceeding its initial full-year target of $358m.

Mr Chen, who now expects ...