Beijing-based Haiwen & Partners is advising courier service China Postal Express & Logistics Co. Ltd. on a $1.6 billion A-share initial public offering on the Shanghai Stock Exchange.
According to a Chinese-language statement on the China Security Regulatory Commission website, China Postal Express has received an approval for its listing last week, but no date has been officially set. If it moves forward, China Postal Express listing would be the largest IPO in China so far this year, according to the Wall Street Journal.
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