shenguan-holdings-ipo-to-raise-up-to-160-million

Shenguan Holdings IPO to raise up to $160 million

The manufacturer of sausage casings is raising capital to expand its production capacity.

Shenguan Holdings Group, a Chinese company that makes the edible coating for sausages, launched an institutional roadshow on Friday for an initial public offering that is seeking to raise as much as HK$1.24 billion $160 million. The company is raising capital to expand its overworked production facilities.

Shenguan is offering 400 million shares at an indicative price range of between HK$2.10 and HK$3.10. A 15% greenshoe, if fully exercised, could increase the final deal size to as much as $184 million.

The company is in a rather niche industry it is a manufacturer of a collagen coating used to case sausage meat -- in other words, the skin...

¬ 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