Chinese firms seek a combined $757 million
Shandong Chenming Paper and Chongqing Machinery both kicked off their institutional roadshows yesterday with the aim of raising $538 million and $219 million, respectively.
Shandong Chenming Paper Holdings, one of ChinaÆs largest paper producers, started bookbuilding yesterday for an initial public offering of H-shares that will raise between HK$3.2 billion and HK$4.2 billion $410 million-$538 million, sources close to the deal have confirmed. The company is already listed in China's A- and B-share markets and, if the Hong Kong IPO is successful, it will be the first mainland company to have three categories of listed shares. This is of some consequence...
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