The company was listed in Hong Kong in 2006 which means it will become China’s first port with a dual listing.

And also the Dalian Port is the biggest port operator in Bohai Bay which is located in the northeastern China; it focuses on container and crude oil.

The company said this month that it will issue no more than 1.2 billion A shares in Shanghai and no more than 1.2 billion shares to its parent (Dalian Port Co Ltd), expecting to raise a total of 2.8 billion yuan.

Currently the company is holding 3 billion shares and the holding of its parent will be reduced from 60 percent to 55 percent after the share issue.

The executive director of Dalian Port, Zhang Fengge said that assume 3.67 yuan per share as the offering price, and the asset acquisition earned 14 million yuan this year, the dilution effect to H shares may be offset and the earning per share will increaser 0.7 percent.

Funds raised earnings will be used for the construction of dock infrastructure and bulk cargo dock facilities, as well as bank repayment.

Sun also said that the port would increase capital expenditure next year to 3 billion yuan after an asset acquisition from its parent Dalian Port Co Ltd, up from 2 billion yuan this year. And after that asset acquisition, it would enjoy a big market share. And the net profit may rise to 140 million yuan.

Dalian Port accomplished throughput of 185 million tons, an 11.9-percent rise on the previous year, and an 18.1-percent rise in containers to 4.5 million 20-foot equivalent units (TEUs). More than 90 percent of trade containers in northeastern China move through the port to go abroad.

The port aims to boost throughput by 10percent next year from this year’s expected throughput. Its passenger roll-on, roll-off terminal experienced a 50-percent rise on both throughput and revenue in the first half year of 2009.

China port operators have been reporting gradually improving volumes after the deepest slump in global trade because of the economic slowdown.

There is still growth in cargo volumes last month compare to the year earlier, posted by China’s Yangtze River Delta. Cargo throughput at Shanghai rose 5.8 percent year on year to 33.28 million tons last month, according to Shanghai International Port Group (SIPG).

The Baltic Dry Index reached a seven-month high point this week, boosting optimism for port business in the fourth quarter and early next year.

Qingdao, another high rated port, is also gearing up for its IPO as the seventh largest port worldwide and first container transfer port in China.

Tian Guangwen, the vice-president of Qingdao port said that they have been preparing for year, he said that they ran for H shares at first but this year they restarted the application for A share listing and wish to go to the market as a whole.

He also said that it is good news for Dalian. Their IPO will not be for capital raising but for better development.

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The park is expected to strengthen the ties between companies in Dalian, the China’s information technology outsourcing hub and clients in Japan. What is more, the Dalian Vice-Mayor Dai Yulin hopes the park can help cut costs of companies in Dalian when they expand their presence in Japan.

More than 800 companies and 70,000 people work in the IT outsourcing industry in Dalian. Software exports from the city are forecast to exceed $1billion this year.

Dalian is developing fast with the aim of booming its outsourcing for information technology. So far there have been over 20 Dalian companies setting up their offices in Japan. By mid-November, over 35 companies were ready to move into the park.

According to Dai, Dalian tends to open similar IT parks in other Western countries as the global crisis could create new opportunities for the city.

Based on a survey conducted by market research firm IDC last year, Dalian is able to become a better destination of global delivery than Beijing and Shanghai.

Are you interested in the business opportunities in China?

China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.

BPOVIA is the leading virtual assistant and Knowledge process outsourcing (KPO) service provider in China. BPOVIA is the only virtual assistant company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, BPOVIA can provide our clients China business development service and help our clients doing successful business in China.

Please visit http://www.BPOVIA.com/ for details about our service.