Sateri and ZhengTong seek to raise a combined $1.1 billion

Sateri, a maker of specialty cellulose, aims to raise $600 million, while car and spare parts dealer ZhengTong is looking to reap $554 million.

With only a month left until the year-end break, Hong Kong initial public offerings continue to flow as issuers race to make the most of the remaining days of the year.

Year-to-date IPO volumes in Hong Kong have topped $46 billion, already exceeding the full year forecast of $39 billion made by PricewaterhouseCoopers at the beginning of 2010. And equity strategists warn of potential asset bubbles fuelled by excess liquidity across the region.

Against that backdrop, two companies...

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