Shenzhen Great Ocean Shipping (Group) is seeking a listing on the Hong Kong stock exchange despite the volatile market, according to chairman Zhu Wenbin. He said the proposed listing would be conducted through the acquisition of a controlling stake in a public company in Hong Kong. 'We hope to float in Hong Kong as soon as possible. We are optimistic about Hong Kong's future,' he said. Great Ocean derives most of its profit from the provision of shipping services in Hong Kong, the mainland, Japan and Taiwan. Mr Zhu said the potential listing vehicle would include shipping services and non-core businesses such as the manufacturing of PVC and a financial research centre in Hong Kong.
