WSJ:Shenzhen Trade Link Considers Yuan, HK Dollar IPO In Hong Kong - Sources
By Yvonne Lee and Prudence Ho
HONG KONG--Privately owned Chinese logistics firm Shenzhen Trade Link Supply Chain Management Co. is considering a dual-currency Hong Kong initial public offering in the third quarter, people familiar with the situation said Monday, in what would be the first IPO in the city to be denominated in both yuan and Hong Kong dollars.
The Shenzhen-based company plans to submit a listing application to the Hong Kong stock exchange by the end of this month, with the size of the deal depending on market conditions, the people said.
They said the company has hired ICBC International Holdings Ltd. to handle the listing.
Trade Link, which was founded in 2001 with registered capital of CNY65 million (US$10.3 million), provides supply chain management services in China.
Write to Yvonne Lee and Prudence Ho at yvonne.lee@dowjones.com
