qunxing-shows-chinese-paper-makers-remain-attractive

Qunxing shows Chinese paper makers remain attractive

The decorative paper maker prices its Hong Kong IPO at the top of the range to raise $206 million.
Qunxing Paper Holdings has brought more proof that investors continue to view Chinese paper manufacturers as lucrative investments, with its Hong Kong initial public offering being significantly oversubscribed. As a result, the specialty paper manufacturer had no difficulty pricing the IPO at the top of the range for a total deal size of HK$1.6 billion $206 million.

With its main product being decorative base paper, Qunxing stands out versus the other two Hong Kong-listed paper manufacturers which focus on more upstream production of containerboard and packaging boxes. However, Qunxing was clearly riding on the back of the success of the other two, which have seen their share prices multiply since their respective listings....
¬ 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