Ningbo Port Group plans for IPO in Shanghai, HK

NINGBO Port Group is planning for a launch of an initial public offering (IPO) in both Shanghai and Hong Kong's stock market, Xinhua reported.

BOC International Holdings, Credit Suisse Group and JP Morgan are authorised to arrange the share sale, but a specific date has not yet been confirmed.

The report said Ningbo will be third company in mainland China to launch IPO in both Shanghai and Hong Kong at the same time.