BUSINESS China Postal Express & Logistics to launch IPO next year

BUSINESS

China Postal Express & Logistics to launch IPO next year

Xinhua

13:52, August 23, 2018

China Postal Express & Logistics Co., Ltd, an express and logistics service arm of China Post, will introduce strategic investors and initiate an initial public offering (IPO) next year to ensure its going public within three years, according to Liu Aili, chairman of China Post, quoted by Securities Daily on Tuesday. 

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Photo: Xinhua

China Postal Express & Logistics owns the express and logistics service brand "EMS".

Earlier, in August 2011, China Postal Express & Logistics submitted the listing application to China Securities Regulatory Commission (CSRC). However, due to some reasons, it withdrew the IPO filings later.

Now, the IPO is again on the agenda and the biggest question is whether China Post will be listed as a whole or it will spin the China Postal Express & Logistics off to list the EMS service provider.

At present, Postal Savings Bank of China under China Post has been listed on the Hong Kong stock exchange. If China Post goes public on the whole, it will form a synergy for its business and give play to the financial advantages. It is worth noting that Hunan Copote Science Technology (600476.SH) is an affiliated company of China Post. Therefore, China Post may go public via the back-door listing method, said Zhao Xiaomin, a senior analyst in the express industry.

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