Jovo Energy has won approval from the Chinese securities regulator for its initial public offering in Shanghai to fund an LNG carrier order.
The Guangdong-based gas trader secured the green light in late December after first submitting the IPO proposal in 2018, according to filings with the China Securities Regulatory Commission.
Jovo plans to issue up to 120m new shares on the Shanghai Stock Exchange to raise CNY 2.68bn
