"Two more HK IPO planned by over 1 billion U.S. Dollar | AboutHK.Com - more information about HK"
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Two other Chinese companies are close to launch IPOs in Hong Kong, sources said on Tuesday, with the goal of a total of around 1 billion U.S. Dollar, since the public stock exchanges to live here after months of weak activity.
BBMG Corp., one of China's top building materials makers, plans to begin marketing a U.S. $ 500 million-$ 700 million Hong Kong IPO next week, according to sources in the business.
Chinese Herbal Shampoo Manufacturers Bawang International also plans in Hong Kong in the hope of around U.S. $ 300 million through an IPO in the next few weeks, separate sources, which has said. None of the sources were allowed to speak publicly about the offers because the offers are not yet for the trade.
Hong Kong IPO market is back to life, though not near the level at the peak of the bull market more than a year ago.
China Zhong Wang Holdings prices in Hong Kong last week, the world's largest IPO so far this year. Wang Zhong, the 1.3 billion U.S. dollars, the prices compared to the IPO at the lower end of the indicative range due to lower-than-expected demand from retail investors skittish.
Improving the U.S. and emerging market economic data have led to a broad, global market rally. The increased risk appetite is also an increase in Asian equities, the last two months.
UBS AG (UBSN.VX) and Macquarie Group (MQG.AX) were instructed to BBMG offer, the sources said.
Morgan Stanley (MS.N) was the management of Bawang offer, the sources said.
The three banks declined to comment on them. BBMG not immediately be reached for comment. Bawang also declined to comment.
"Premarketing will begin next week," said one of the sources involved in the BBMG deal.
Beijing-based BBMG is one of the largest building materials manufacturers in China, one of the leading property developers and large property investment and management company, according to its website.
News from the IPO plans BBMG first, superficial in October last year. Most IPOs are planned for the fourth quarter of 2008 were withdrawn or postponed, as the stock exchanges fell largely towards the end of the year.
The Standard newspaper reported on BBMG's again plans IPO Listing on Monday, the same day the company, she said, the 1.9 billion yuan ($ 278.7 million) through a UBS-LED-bond offering.
Bawang marketed products from shampoo to toothpaste, bodywash Hairdressing. News from the IPO plans first surfaced in February. |
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