China Grain Stream began listing on the Shanghai Stock Exchange

        China's domestic container operator Zhonggrain Logistics began its initial public offering (IPO) on the Shanghai Stock Exchange today.

　　 The company announced its IPO plan in May last year, after the company had ended its listing on the NEEQ.

　　 The company plans to issue 66.67 million shares and raise approximately 1.5 billion yuan ($220 million).

　　 The company will use the IPO proceeds to acquire new container ships and containers.

　　 Alphaliner's data shows that China Grain Stream operates a 115-ship fleet with a total capacity of approximately 168,000 TEUs. It is the 13th largest container liner company in the world and the largest domestic container shipping company in China.