China Securities Regulatory Commission (CSRC) will review an application for the initial public offering (IPO) of China Postal Express & Logistics Co Ltd(EMS) on May 4.

The company, a unit of the State-owned China Post Group, plans to raise 9.98 billion yuan ($1.58 billion) in the country's largest IPO this year, it said in a prospectus posted on the CSRC's website.

According to the prospectus, the Beijing-based company plans to issue up to 4 billion A-shares on the Shanghai Stock Exchange.

The money raised from the IPO will be used to buy vehicles, airplanes and equipment, as well as fund network expansion, it said.

The company's total assets reached 22.37 billion yuan as of the end of 2011. It took in 25.89 billion yuan in business revenues last year, with a net profit of 902 million yuan.

滬江英語快訊：繼人民網(wǎng)IPO之后（相關(guān)新聞>>），EMS也要上市了！中國證監(jiān)會將在5月4日復(fù)審中國郵政速遞物流股份有限公司首次公開發(fā)行A股的招股書。此前發(fā)布的預(yù)披露招股書顯示，擁有EMS的郵政速遞本次擬公開發(fā)行不超過40億股A股股票，發(fā)行后總股本不超過120億股，擬募集資金99.7億元，成為今年來A股募資最大的IPO。郵政速遞截止去年底共有資產(chǎn)223.7億元，去年?duì)I業(yè)收入258.9億元，凈利潤9.02億元。