Chinese mining services company Sino Australia Oil and Gas Ltd is planning an IPO in Australia in July, tapping international investors while domestic markets remain frozen.

Chinese companies aiming to get listed have limited choices at home since the country's securities regulator suspended IPO approvals in October to help stabilize the stock market.

Sino Australia, focused on the Daqing oilfield in Northeast China's Heilongjiang Province, is planning to raise up to A$20 million ($19.6 million) on the Australian Stock Exchange, the company said Wednesday. It would be the largest Chinese company to list in Australia since 2011.

Sino Australia chairman and founder Shao Tianpeng said the company considered Hong Kong and Singapore, but decided to list in Australia in a strategic move to grow business there.

"We plan to expand our operations in Australia and Indonesia, and this is the first step in our strategy," Shao told Reuters.

Chinese companies will soon have another listing option in Australia, with new market entrant Asia Pacific Exchange courting around 2,000 small and medium-sized companies.