China Southern Airlines Company to list logistics company on stock exchange
05 / 12 / 2022
China Southern Airlines Company Limited plans to list its subsidiary China Southern Air Logistics Company Limited on a stock exchange in mainland China.
The company made the announcement on November 30, on the Hong Kong Stock Exchange’s website.
The company submitted an application to the Guangdong Regulatory Bureau of the China Securities Regulatory Commission for the filing of an application for pre-listing tutoring.
“The Listing of Logistics Company is still in its early preparation stage,” said China Southern Airlines. “As at the date of this announcement, Logistics Company has not submitted any official application for listing to any relevant regulatory authorities in the PRC.”
The proposed domestic listing of Logistics Company is subject to approval or clearance by regulatory authorities including the China Securities Regulatory Commission, the Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited.
Established in 2018, China Southern Air Logistics Company provides air cargo logistics services and flights.
According to its website, currently, China Southern Airlines operates more than 850 passenger and cargo transport aircraft.
Starting from wet-leased freighters, China Southern Cargo now operates a self-owned fleet of two Boeing B747-400Fs and twelve B777-200Fs.
It has established Shanghai and Guangzhou as its “dual-cargo-hubs” and developed a freighter network which covers 10 domestic and international stations.