malaysian-timber-company-on-track-for-hk-listing

Malaysian timber company on track for HK listing

Samling's global reach and its large forest resources will attract investors to its $280 million IPO.
Samling Global Limited, which is currently on the road marketing an initial public offering of up to $280 million, offers a rare opportunity to invest in a large-scale forest resources and wood products company. And it comes at a time when analysts project timber prices are on a sustainable upward track.

The Malaysia-based company, which also has operations in New Zeeland, China and Guyana, and sells its products to more than 30 countries, will be listing in Hong Kong rather than in Kuala Lumpur in the hope of achieving better liquidity for its shares. But observers say the choice of markets likely also signals how important the company believes China will be for its future...
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