The state-owned port operator plans to sell 776.4m new shares at HKD 3.76 (48.5 US cents) each before listing on 6 June 2014.

Qingdao is the second Chinese port operator to go public in Hong Kong in six months.

Qinhuangdao Port Co, China’s largest coal-port operator by capacity, raised $562m in December 2013.

Qingdao Port has secured six cornerstone investors for the IPO who between them could buy nearly half the shares offered worth $168m.

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