Shanghai Shine-Link International Logistics Co., Ltd. (SLC) was successfully listed on the Main Board of Shanghai Stock Exchange on Sept. 13, 2017（“SLC” or the “Company”, stock code: 603648）. SLC issued 92.1667 million new shares, accounting for 25.00% of the enlarged capital. The offering price was set at RMB 7.37 per share, representing 2016 P/E of 22.96x. The issuance raised net proceeds of RMB 638 million. CICC acted as sole sponsor and lead underwriter in the transaction.

Founded in 2001, SLC specializes in lean supply chain management for multi-national enterprises. Through years of development, the Company has grown into a leading player in lean supply chain management sector and played an increasingly important role in China’s Pilot Free Trade Zone (Shanghai) and Pudong International Shipping Center.

The A-share IPO of SLC is the first IPO transaction in Shanghai Pudong New Area for SOE mixed ownership restructuring and the first IPO transaction for a Shanghai Pudong-based SOE since 2004. With in-depth understanding of the logistics industry and the client, CICC was forward-looking to capture the market focus and accessed to a high degree of recognition of the investor community, which helped to create the first A-share listed company in the supply chain management sector and the first IPO transaction for an SOE from a sub-provincial new area to clarify the IPO review standards on horizontal competition.