A tanker company led by the eldest son of Cantonese shipping mogul CC Liu is planning to pursue an initial public offering (IPO) in New York after setting up shop in the Big Apple less than 12 months ago, TradeWinds has learned.
Market sources say the patriarch of Parakou Shipping has been talking about putting the power of his pedigree to the test in the public markets for the past three years but claim the campaign did not gain traction until last autumn.
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