China Merchants Shekou Industrial Zone Co expects to raise at least US$150 million from its planned flotation. The company's initial plan was to raise $100 million from the H-share offer in the first half of this year. A source close to the company said the final amount would depend on a restructuring plan and Beijing's approval. He said the company was considering including its industrial park management and services business and some industrial projects in the listing. These could include listed assets of Shekou companies under the parent company - China Merchants Holdings. China Merchants, the developer of Shekou industrial zone, has listed a number of businesses on mainland, Hong Kong and Singapore stock exchanges. They include Shekou Port Service Co, which trades on the Shenzhen and Singapore exchanges. 'The listing will be a new concept. It will be a company consisting of different businesses, unlike the 26 H-share companies and two New York-listed companies, which have individual businesses,' the source said. An official involved in the listing said the company was being restructured but refused to say what assets would be injected into the listing vehicle. 'We are revaluing the assets,' he said. He said there was no deadline for the listing because it was still subject to the approval of the China Securities Regulatory Commission. The 10.5 sq km industrial zone, west of Shenzhen, is China's first industrial zone.