CHINESE PORTS IN HONG KONG IPOS
Tianjin Port Development Holdings is seeking to raise US$100m on the Hong Kong stock exchange while Xiamen International Port aims to raise $150m through an IPO on the same exchange. They hope to attract investors following a 30% increase in box traffic at both ports during 2005.
Chairman Sultan Ahmad Bin Sulayem said: “The only valid bid for P&O is from DP World.
Shanghai International Ports also plans to raise US$1bn followed by Dalian Port Container Terminal, which is seeking US$193m from the Hong Kong bourse.
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