LISTING candidate Guangzhou Shipyard International Co has unveiled its plan to float more than 25 per cent of its shares in Hongkong.
A time-table for the listing procedures, including a hearing at the Hongkong Stock Exchange, is expected to be produced within a few days.
Managing Director Ren Fuwei yesterday said contents of the prospectus were close to being finalised, though it had yet to go to print.
He expected the listing to occur by the end of the third quarter, but he did not rule out the possibility of a float by the end of the month.
''All hurdles have been cleared. We're now just waiting for an approval from the authorities. So far our progress has been kept very close to our original schedule,'' he said.
It is widely expected to be the third mainland enterprise to list in the territory, after Shanghai Petrochemical and Tsingtao Brewery.