paper-recycler-collects-up-to-183-million-from-hong-kong-ipo

Paper recycler hopes to collect $183 million from IPO

Fook Woo Group is one of six small-cap listing hopefuls to kick-off a Hong Kong IPO in the past week.

While several highly anticipated large initial public offerings have yet to materialise, Hong Kong is generating a lot of noise at the moment with several listing hopefuls announcing offerings in the past week, leading to a fight for investor attention.

The six listing candidates are all private companies from the manufacturing and retail sectors. Analysts say companies with a niche market or with opportunities to benefit from Beijing's economic blueprint are likely to attract more orders, as investors are still cautious about potential monetary tightening measures.

Hoping to prosper from China's environmental-protection policies, Fook Woo Group, a recycled paper company, is looking to raise up to HK$1.43 billion $183 million. This would ...

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