China Shipping Container Lines Co plans to raise US$2 billion by June in what is expected to be the biggest initial public offering by a Chinese company this year. Shanghai-based China Shipping Container is the container shipping unit of state-owned China Shipping (Group). China Shipping Container is reported to be planning a sale of 25% of its enlarged share capital before listing in Hong Kong, which is expected to value the company at as much as US$8 billion.
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