Hong Kong forwarder Excel Network expects to launch IPO


Source: seanews.com.tr seanews.com.tr

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HONG KONG forwarder Excel Network has joined several companies in the container shipping market in publicly listing on the hong Kong stock exchange, reports London's Loadstar. Founded in 1997 by CEO Wong Tat Shing and chairman Ramthur Chim, the group has incorporated ENL Group Holdings in the Cayman Islands to apply for the listing in Hong Kong. Filed on May 30, the listing did not give any timeframe or fund-raising target for the Initial Public Offering (IPO). The group began with ocean freight from Hong Kong and expanded its business to mainland China in 2005. The group has offices in...