chinese-bookstore-chain-seeks-274-million-from-ipo

Chinese bookstore chain seeks $274 million from IPO

State-owned company Xinhua Winshare is marketing itself as a market consolidator as the tightly controlled publishing industry undergoes deregulation.
Sichuan Xinhua Winshare Chainstore yesterday kicked off the roadshow for the institutional portion of its initial public offering, which aims to raise between HK$1.66 billion and HK$2.2 billion $213 million-$274 million.

A member of the state-owned Xinhua Bookstores group, this will be the first book store operator to list in Hong Kong and will offer exposure to ChinaÆs highly regulated book publishing and distribution industry at a time when it is undergoing extensive market-opening reforms.

Xinhua Winshare, which derived 81% of its revenues last year from the distribution of textbooks and educational supplements, is one of the early movers in response to these reforms both with regard to vertical integration and geographical...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222