China’s Hengli Group is mulling listing its shipbuilding company — Hengli Heavy Industry on the Hong Kong Stock Exchange, according to Bloomberg.
The Dalian-based shipyard, which is doubling its production capacity with new facilities, plans to raise $100m for the shipyard through the IPO, the report said.
The timeline for the listing has not been disclosed, but Hengli is said to be holding talks with financial advisers.
