Port company looks to share offer

Guangzhou Port Co Ltd, one of the largest hub ports in South China, is planning a share offer in the first half of this year, looking for financing to expand business, according to a senior company executive.

Song Xiaoming, vice general manager of Guangzhou Port Co, said: "It will be a big step forward for the company's business expansion as we are positioning to develop into an international shipping center."

The company's IPO plan on the Shanghai Stock Exchange was approved in late January by the China Security Regulatory Commission, the country's top securities regulator.