Cosco Shipping arm readies China IPO to capitalise on global shipbuilding wave

The shipbuilding and maintenance arm of state-owned marine transport giant China Cosco Shipping has completed initial public offering (IPO) guidance registration, paving the way for a domestic listing to capitalise on a global shipbuilding boom. Cosco Shipping Heavy Industry finished its pre-IPO registration and preparations, according to information released on the China Securities Regulatory Commission website on Saturday. Specialising in cargo and container vessels, the unit offers...