China Postal Express & Logistics Co, the nation's biggest courier company, won regulatory approval for an initial public offering that may be the largest in Shanghai for at least six months.
The China Securities Regulatory Commission has authorized the sale, according to a statement on the CSRC website on Friday. There were no details on when the offering will take place. China Postal Express aims to raise as much as 9.98 billion yuan ($1.6 billion), selling as many as 4 billion shares.
Agencies - China Daily
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
