CPMC raises $118 million from new share sale

Two anchor investors take up more than half of the deal, allowing the Chinese packaging company to offer its shares at a tight 4% discount.

<div style="text-align: left;"> CPMC makes cans for Tsingtao Brewery among others (Imaginechina) </div>

Anette Jönsson

October 16, 2012

CPMC Holdings, a Chinese manufacturer of packaging for consumer goods, last night raised HK$914.7 million ($118 million) from a top-up placement.

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