Chinese port operator Ningbo Port Group, the world's fourth-largest by volume, aims to raise as much as US$2 billion in a dual Hong Kong and Shanghai initial public offering in 2008.
The company, which operates a port in the thriving eastern Chinese city of Ningbo, near Shanghai, has tapped Credit Suisse and JPMorgan to handle its Hong Kong listing, while Bank of China International will manage both its Hong Kong and Shanghai offerings.
Among its Chinese rivals listed in Hong Kong, China Merchants Holdings, the country's largest port operator, trades at 34 times forecast earnings. Its shares have doubled over the past year amid booming China trade.
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