Two Chinese companies go ahead with Hong Kong IPOs

Ten Fu Tea and Hongguo International are pushing ahead with Hong Kong IPOs that could raise a total of $550 million.

Two Chinese companies go ahead with Hong Kong IPOs

Two Chinese retail players have decided to press ahead with their Hong Kong IPO plans despite the weak market sentiment. Ten Fu Tea, a Chinese tea company, hopes to bag around $300 million through a new share sale, while Hongguo International, a Chinese shoemaker, plans to raise around $250 million, according to sources.

The two companies are likely to join Citic Securities, XCMG Construction Machinery, Sany Heavy Industry and New China Life, which are also...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: ten fu tea | hongguo | chinese ipo | retail

Print Edition

FinanceAsia Print Edition