Hung Hing prints CB
Chinese paper company taps into demand for sector on eve of Nine Dragons' trading debut.
Hong Kong-listed Hung Hing Printing Group has raised HK$750 million $97 million from a convertible bond, which benefited from a keen appetite for ChinaÆs paper manufacturing sector that has been partly fuelled by Nine Dragons PaperÆs hyped-up initial public offering.
Coming on the eve of Nine DragonsÆ trading debut in Hong Kong today March 3, Hung Hing was able to increase the size of its offering by 25% from an original HK$600 million after the order book...
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