On November 28, Ningbo Ocean Shipping began an IPO application on the main board of the Shanghai Stock Exchange.
After raising funds through the issuance of new shares, Ningbo Ocean Shipping will focus on its main business and invest in container ship projects, bulk carrier projects, 10,000 TEU container projects and supplementary working capital projects.
The implementation of the raised investment project will greatly improve the transportation capacity of Ningbo Ocean Shipping, optimize its ship/container structure, and further improve its business scale and service capacity.
Ningbo Ocean Shipping is a comprehensive shipping company, operating both international and domestic routes, including container transportation and dry bulk transportation.
Source: Xinde Marine News Sarah Yu
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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