The LTL shipping network operator is reportedly targeting $500m in the listing, which would enable corporates Ping An and Yili to exit.

Ane Logistics, a China-based small freight services provider backed by insurer Ping An and dairy product manufacturer Yili, has filed for an initial public offering on the Hong Kong Stock Exchange. The size of the offering has not been disclosed but the company was looking to raise $500m, according to a Bloomberg report in February…

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