Elliot Wilson

State-run Cosco Container Lines (Coscon) plans to raise between HK$15.6 billion and HK$23.4 billion from an initial stock offering in Hong Kong in the first half of next year, sources said.

Coscon, the mainland's largest shipping firm and a unit of China Ocean Shipping Group, originally considered selling shares this year, but abandoned the idea after the market turned south at mid-year. Rival China Shipping Container Lines (CSCL), the country's second-biggest shipping company, in June raised HK$7.68 billion from its share sale, far less than its original target of HK$15.6 billion ......
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