China Securities Regulatory Commission (CSRC) will review an application for the initial public offering (IPO) of China Postal Express &Logistics Co Ltd(EMS) on May 4.
The company, a unit of the State-owned China Post Group, plans to raise 9.98 billion yuan ($1.58 billion) in the country's largest IPO this year, it said in a prospectus posted on the CSRC's website.
According to the prospectus, the Beijing-based company plans to issue up to 4 billion A-shares on the Shanghai Stock Exchange.
The money raised from the IPO will be used to buy vehicles, airplanes and equipment, as well as fund network expansion, it said.
The company's total assets reached 22.37 billion yuan as of the end of 2011. It took in 25.89 billion yuan in business revenues last year, with a net profit of 902 million yuan.
继人民网IPO之后，EMS也要上市了!中国证监会将在5月4日复审中国邮政速递物流股份有限公司首次公开发行A股的招股书。此前发布的预披露招股书显示，拥有EMS的邮政速递本次拟公开发行不超过40亿股A股股票，发行后总股本不超过120亿股，拟募集资金99.7亿元，成为今年来A股募资最大的IPO。邮政速递截止去年底共有资产223.7亿元，去年营业收入258.9亿元，净利润9.02亿元
（责任编辑:admin）
