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Zhonggu Shipping lists on China’s OTC equity exchange

Zhonggu Shipping lists on China’s OTC equity exchange
Shanghai-based domestic container carrier Zhonggu Shipping has been officially listed on the over-the-counter (OTC) equity exchange National Equities Exchange and Quotations (NEEQ).

The listing ceremony was held in Beijing on Wednesday morning.

The Beijing-based stock market NEEQ is also known as China’s ‘New Third Board’, attracting small and medium sized enterprises which find it hard to qualify for listing on the main Shanghai and Shenzhen bourses.

Zhonggu Shipping recently placed orders for four 2,500 teu feeder boxships at CSC Sinotrans Jinling Shipyard and another four similar sized boxships at Shanghai Shipyard.