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ZhongGu to be listed on Shanghai Stock Exchange


ZhongGu Logistics Corporation is planning to list on Shanghai Stock Exchange, with no more than 81.9 million new shares, and the sponsor is CICC.

ZhongGu Logistics intends to raise 1.5 billion yuan this time, of which 153 million yuan will be used for the acquisition of container ships and 1.347 billion yuan for the acquisition of containers.

According to the prospectus, ZhongGu is committed to providing customized and cost-effective whole-process "door-to-door" container logistics solutions..

By the end of December 31, 2019, ZhongGu operates 112 container ships with a total capacity of 382,400 TEU and a capacity of 2,486,500 DWT.

At present, the company has formed 25 major coastal ports, more than 50 major inland river ports as logistics nodes, which connect to the country's coastal areas and river basins.

Source: Sarah Yu, XINDE MARINE NEWS

The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.

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