Qunxing Paper launches $206 million IPO

The specialty paper manufacturer differentiates itself with high-end products that should benefit from ChinaÆs home buying boom.

Qunxing Paper Holdings, a Chinese manufacturer of specialty paper products, launched the roadshow yesterday for its initial public offering in Hong Kong. The manufacturer aims to raise up to HK1.6 billion $206.2 million.

QunxingÆs main product is decorative base paper and according to China Paper Association, it ranked the largest manufacturer of this type of paper in China in terms of actual annual production capacity in both 2005 and 2006. Decorative base paper is an intermediate product commonly...

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