chinese-firms-seek-a-combined-757-million

Chinese firms seek a combined $757 million

Shandong Chenming Paper and Chongqing Machinery both kicked off their institutional roadshows yesterday with the aim of raising $538 million and $219 million, respectively.
Shandong Chenming Paper Holdings, one of ChinaÆs largest paper producers, started bookbuilding yesterday for an initial public offering of H-shares that will raise between HK$3.2 billion and HK$4.2 billion $410 million-$538 million, sources close to the deal have confirmed. The company is already listed in China's A- and B-share markets and, if the Hong Kong IPO is successful, it will be the first mainland company to have three categories of listed shares. This is of some consequence since the Chinese regulators have stipulated that the H-share price must be set in between the A- and B-share price.

The company is selling 17.25% of its total share capital and has set a price...
¬ 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 subscription (2-5 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 subscription (2-5 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