NOL joint venture CMA Logistics seeks HK listing
February 17, 2006, 11.37 am (Singapore time)
BT
SINGAPORE - Neptune Orient Lines Limited (NOL) announced on Friday that its joint venture company in China, CMA Logistics, is seeking a listing on the Growth Enterprise Market (GEM) of the Stock Exchange of Hong Kong.
CMA Logistics proposes to offer by way of placing to professional and institutional investors 55,000,000 shares in the Company, with the offer price expected to be in a range between HK$2.30 and HK$2.70 per share.
CMA Logistics provides logistics services mainly for car manufacturers and car components suppliers in China. Its services range from the provision of supply chain management services relating to car components and parts to the delivery of finished vehicles. -- REUTERS
BT
SINGAPORE - Neptune Orient Lines Limited (NOL) announced on Friday that its joint venture company in China, CMA Logistics, is seeking a listing on the Growth Enterprise Market (GEM) of the Stock Exchange of Hong Kong.
CMA Logistics proposes to offer by way of placing to professional and institutional investors 55,000,000 shares in the Company, with the offer price expected to be in a range between HK$2.30 and HK$2.70 per share.
CMA Logistics provides logistics services mainly for car manufacturers and car components suppliers in China. Its services range from the provision of supply chain management services relating to car components and parts to the delivery of finished vehicles. -- REUTERS
posted by SmartYInvestor at 3:04 AM
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