Lumena seeks at least $128 million from IPO

The thenardite producer could become the fourth company of size to list in Hong Kong this year and, if successful, may open the door for other listing candidates.

After two weeks of investor education, Chinese chemicals company Lumena Resources will kick-off the formal roadshow for its initial public offering today, aiming to become only the fourth company of size to list in Hong Kong this year.

The Sichuan-based company is the world's second largest producer of thenardite, which is a solid form of sodium sulphate and an important raw material for the production of powder detergents, dyes, textiles, glass, kraft pulp and pharmaceutical products. It is seeking to...

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