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China's Andatee China Marine Fuel Services (ACMF) is set to make its stock market debut on the NASDAQ exchange next week, according to market reports.

The Dalian-based bunker supplier is one of two Chinese ADRs (American Depository Receipts) expected to be listed on the US stock exchange on Thursday 21st January, with the other being China Hydroelectric (CHC), a small hydropower plant operator.

Andatee China is offering 2,500,000 shares of its common stock as American Depositary Shares (ADSs). ADSs are U.S. dollar-denominated equity shares of a foreign-based company available for purchase on an American stock exchange.

The initial public offering price for the shares have been estimated at between $6.00 and $8.00 per share. Andatee China will be listed under the symbol "AMCF".

Andatee China Marine Fuel Services Corp. is engaged in the production storage and distribution of blended marine fuel. The company's operating business Dalian Xingyuan Marine Bunker Company Ltd. supplies mainly 180-centistoke (cst) and 120-cst product to small and medium-sized fishing vessels and cargo ships in the provinces of Liaoning, Shandong and Zhejiang.

Dalian Xingyuan was founded in 2001 and currently operates three bunkering tankers and one specialized oil supply wharf.

The company sources its petroleum products mainly from the Dalian Petrochemical Branch China National Petroleum stock company and other local refineries.

According to Dalian Xingyuan, the company supplies over 250,000 tonnes per year in Dalian to customers such as Dalian Shipping Ring Group and Sinopec. Its short term goal is to attain annual sales of 350,000 tonnes within the next two years and has set itself the long-term objective of selling between 500,000 tonnes and 1 million tonnes per year, achieving an annual sales income of 4 billion Yuan and becoming a major fuel oil player in northeastern China.