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Rizhao Port Jurong seeking $66m in Hong Kong IPO

Proposed new listed company Rizhao Port Jurong provides comprehensive port-related services, including stevedoring, berth leasing, port management, storage, and logistics agency services, primarily covering soyabeans, woodchips, dried tapioca as well as other cargo types including maize and wheat

The joint venture between Rizhao Port Co Ltd and Jurong Port Group will offer 400m shares at a price between HK$1.37 to HK$1.51 per share. Proceeds will be used primarily for acquisition and development of West-6 berth

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