IDEAL Pacific Group plans to list on the Hong Kong Stock Exchange within a month to raise funds for its further expansion in China. Chairman Alfred Ip refused to comment on the size of the flotation, saying details of the listing would be announced on Tuesday. He said capital raised would be used to buy six more self-propelled feeder vessels and to support the company's construction of Shanghai's largest single marine services depot at the mouth of the Yangtze River. 'If I'm not raising the capital to do it, someone else will. If I don't want to miss the train, I must be aggressive.' Ideal Pacific, a diversified transportation company involved in freight-forwarding, trucking and warehousing, has already purchased three 36-TEU (20-foot equivalent units) vessels and three 48-TEU ones from China for about $6 million each. They will be delivered by February 1995. The vessels, together with another six 48-TEU ships scheduled for delivery by the end of next year, will enlarge Ideal Pacific's fleet from nine to 21 and give the company a strong presence in the Pearl River delta. In return for financing the new ships, Guangzhou Navigation Co will allow Ideal Pacific to operate them for at least seven years. Mr Yip said Ideal Pacific's fleet would work in co-operation with the international shipping lines to bring cargo from China's inland cities to the ocean ports for shipment worldwide. He said that with the larger carriers now capable of transporting 5,000 TEUs, freight-forwarding has become increasingly important to cost-efficient consolidation of cargo. In line with Ideal Pacific's strategic expansion plans, it has teamed up with the Baoshan district government in Shanghai to build a full-service, 680,000-square-foot marine depot, United Asia Container Services. Ideal Pacific owns more than 80 per cent of the joint venture, which is worth more than $62.4 million.