The China Pub Company, which is listed on the Channel Islands Stock Exchange, is preparing to list on London’s AIM in the first half of next year to raise £5m to fund a series of pub and bar openings across China. The Daily Telegraph

China Pub owns Duk Ling, the famous red-sailed junk that has become a historical icon of Hong Kong. The junk was built in Macau 50 years ago and is now one of the province’s most popular party venues.

China Pub also owns outlets in Hong Kong frequented by British expats. Last week, it announced a tie-up with a Shanghai bar operator to open 20 American-themed venues in the city over the next 25 years.