China Postal Express & Logistics Co. Ltd go public

Apr.28, 2012

China Postal Express & Logistics Co. Ltd(the company),which is well know as EMS in China, unveils its IPO prospectus for less than 4 billion common shares,plan to land on Shanghai Stock Exchange,it will be reviewed by CSRC on May 4th,2012.

The company plans to raise 9.97 billion yuan ($1.59 billion),it could be the biggest initial public offering in China this year.
After this IPO, the controlling shareholder,China Post Group’s holding proportion will down from 100% to 63.33%.

China Postal Express & Logistics Co. Ltd starting to operate international express mail service on July 15, 1980, the initiator of express industry in China.Starting to operate domestic express mail service in April 1984.The company consists of 31 fully-owned provincial subsidiaries, and possesses China Postal Airlines, China Post Logistics, etc. With a registered capital of RMB 8 billion and a total asset of RMB 21 billion, the company recruits nearly 100,000 employees, and operates 45,000 business outlets. Its network covers all the cities, counties and towns in 31 provinces and reaches over 200 countries and regions.

On the date of December 31th last year,the total assets of EMS was 22.37 billion yuan,shareholder’s equity was 12.67 billion yuan,EPS 0.11 yuan,NAVPS 1.58 yuan.Prime Operating Revenue was 19.64,22.51,25.89 billion yuan,and Net profit 237,500,902 million yuan for the recent 3 years respectively.

Citic Securities as the underwriter of this deal.