T.S. Lines moves forward with Hong Kong IPOT.S. Lines moves forward with Hong Kong IPO

T.S. Lines has previously applied for a listing in Hong Kong in October 2022, April 2023 and May 2024. On this occasion company has finally passed the Hong Kong Stock Exchange listing hearing a milestone in its attempt to become the first Taiwanese shipping company listed in Hong Kong.

JP Morgan and China Merchants Securities will act as sponsors for the IPO.

“Hong Kong’s reputation as a premier regional maritime hub together with its lower corporate tax rates has been the deciding factor for the company choosing Hong Kong as its listing location over Taiwan,” according to T.S. Lines.

T.S. Lines operates a fleet of over 40 vessels mainly servicing for Asia-Pacific regions. The company recently ordered six containerships from the Chinese shipyards for fleet expansion, including two 14,000 teu methanol-ready containerships and two 7,000 teu containerships from Shanghai Waigaoqiao Shipbuilding and two 4,300 teu boxships from Huangpu-Wenchong Shipbuilding.