News from Abchurch

Dongfang Shipbuilding appoints Abchurch for IPO

15 August 2011

Abchurch wins IPO remit for Chinese shipbuilder

Abchurch has won the IPO and financial PR remit for Dongfang Shipbuilding (Group) Company Limited, the international shipping company and shipbuilder.  Abchurch Communications has been appointed to provide financial PR support as Dongfang announces its intention to seek admission of its shares to trading on the AIM market of the London Stock Exchange.  Dealings are expected to commence on AIM on 18 August 2011.

The Group’s principal business is in shipbuilding; manufacturing small and medium size vessels such as chemical tankers and multi-purpose container ships at its two shipbuilding yards in Anhui and Zhejiang provinces, PRC.  In recent years Dongfang has diversified into shipping, owning and operating six 9,000 dead weight tonnes (‘DWT’) chemical tankers and one 9,200 DWT chemical tanker, out of Singapore and Hong Kong.  The Group currently has approximately 530 full time employees across the two businesses.

Abchurch has a strong reputation as one of the leading financial public relations agencies advising on IPOs on the London Stock Exchange, having acted on nearly 70 successful listings over a five year period.

Henry Harrison-Topham, Managing Director of Abchurch, commented:  “Abchurch has considerable experience in listing Chinese businesses, and is delighted to have been chosen to advise on the listing of the first Chinese shipbuilder to join AIM.  We look forward to working alongside Northland Capital Partners through the IPO process and in the aftermarket on Dongfang’s Financial PR and investor relations programme.”

The account will be run by Henry Harrison-Topham, Managing Director, supported by Joanne Shears, Director and Quincy Allan, Account Manager.


Media Enquiries:
Joanne Shears
joanne.shears@abchurch-group.com
Tel: +44 (0)20 7398 7709