China's Dalian Port eyes $556 mln mainland IPO

Dalian Port  , north China's largest port operator, expects to raise about 3.7 billion yuan ($556 million) from an initial public offering on the mainland, it said in a draft prospectus.

The draft, posted on the website of the China Securities Regulatory Commission (CSRC), said Dalian Port plans to sell up to 1.2 billion shares in the IPO. It will sell up to 1.2 billion shares to its major shareholder PDA Corp in a share placement. The CSRC will vet the IPO on Oct.18. Citic Securities is the underwriter for the planned offering.
(Source: http://uk.reuters.com)