Bawang likely to launch H-share listing by end-June
Published: 20 May 2009 01:04:46 PSTMay. 20, 2009 (China Knowledge) - Bawang International Co, a famous herbal shampoo maker in China, may launch an initial public offering (IPO) in Hong Kong before the end of June, sources reported on Tuesday, citing a person close to the matter. The company plans to raise up to HK$2.34 billion through the IPO, but the listing price range is still under discussion, said the source. Reportedly, Bawang has assigned Morgan Stanley and HSBC as underwriters of the offering. Bawang is mainly engaged in the production and distribution of a wide range of home and personal care products that include shampoo, toothpaste and bodywash. Its production base is located in Guangzhou City, Guangdong Province. BBMG Corp, one of China's top construction materials makers, will also launch an initial public offering as early as two weeks from now to raise a total of US$500 million to US$700 million. Copyright © 2009 www.chinaknowledge.com |
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