Liansu opts for attractive valuation as it seeks HK listing

The manufacturer of plastic pipes aims to raise up to $337 million to expand its production capacity amid continuing volatility in global equity markets.

Expansion is evidently a high priority for many Chinese companies, particularly those hoping to grow along with the country's continuing industrialisation. This week, there are three industrial players in the Hong Kong market looking for capital to fund their development plans, despite the volatility in global markets that is increasing the necessity for attractive offering prices.

China Liansu Group, a manufacturer of plastic pipes for water supply and drainage, has joined the listing hopefuls and is looking to raise HK$2.62 billion $337 million to build new factories and expand existing production facilities. The company started bookbuilding on Monday and is opening its Hong Kong retail offering today.

Also in the market is touchpad...

¬ 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