Nanjing Tanker has received approval to be relisted on the Shanghai Stock Exchange (SSE) due to improved business operations.

It was delisted in 2014 following four consecutive years of losses.

Local media reported the state-owned company, part of China Merchants Group, will be the first relisted A-share stock in Shanghai.

In an exchange filing, Nanjing Tanker said: “We have received the approval from SSE to be relisted.”