Shanghai Jinjiang Shipping, part of Shanghai International Port Group (SIPG), said it is targeting RBM3bn ($416m) for its initial public offering (IPO) when it will float 15% of its shares on the Shanghai Stock Exchange.
As SIPG owns 98% of Jinjiang at the moment, the IPO will not shift the overall control of the company away from the parent company.
Jinjiang operates between China and Japan but has expanded to offer services around Asia and to Brazil.
The company started in 1983 and opened a Japanese subsidiary in Tokyo and Osaka in 2001.
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