China's CSSC (Hong Kong) Shipping plans to raise HKD 2.2bn ($280m) in a Hong Kong IPO.

The shipowning arm of state-owned shipbuilder China State Shipbuilding Corp (CSSC) will issue 1.5bn shares at between HKD 1.34 and HKD 1.42 each, it said in a filing.

The deal will be priced on 5 June, with the stock starting trading on 17 June.