(MENAFN- ProactiveInvestors)
eCargo Holdings () will be the newest addition to the Australian Stock Exchange when the company hits the boards at 11am AEDST tomorrow Friday 28th November.
The company will have around 88.4 million CHESS Depositary Interests (CDI's) listed.
Under the IPO there were 100 million CDI's offered with the total following the offer being around 550 million.
eCargo provides integrated online and offline supply chain operations for merchants seeking to broaden their reach to Chinese consumers and is focused on the rapidly evolving Chinese eCommerce industry.
The Chinese eCommerce industry has grown 120% per annum over the past 10 years with its eCommerce market forecast to exceed the United States in 2013.
Key drivers for the eCargo business include the Chinese Government’s objective to enhance the development of eTailing in the Chinese market to accommodate China’s burgeoning domestic consumption.
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