China Shipping Container Lines Co.,Ltd. got the go ahead from the China Securities Regulatory Commission for its A-share initial public offering (IPO).

The company hopes to raise Y12 billion by issuing 2.34 billion new A-shares, 20% of the total number of stocks issued.

The shipper wants to:

1. buy eight container ships in China and eight more from overseas.

2. buy stakes in container leasing companies 

3. replenish cash flow

4. pay bank loans

CSCL is the world's tenth largerst container line and is based in Shanghai.

It's operating capacity is 6th in the world.

In the first six months of this year, the company has profited Y1.44 billion.

Shipping capacity worldwide is growing at 15%. Next year it is expected to drop to 13%.

When business is good, China needs ships to carry the goods.

Do you think it's a good investment opportunity? 

source 

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