chinese-aluminium-foil-leader-markets-ipo

Chinese aluminium foil leader markets IPO

The roadshow for Xiashun's $300 million Hong Kong IPO is set for the end of the month.
By
November 14, 2007
China-based light-gauge aluminium foil producer Xiashun Holdings has started pre-marketing of its Hong Kong initial public offering to investors. The company plans to raise up to $300 million and has scheduled its roadshow for November 27.

Xiashun is the largest light-gauge aluminium foil manufacturer in China controlling about 40% of the market by volume. Light-gauge aluminium foil is mainly used in sterile packaging, tobacco and other flexible packaging, to preserve the taste and aroma of products and provide a longer shelf life.

Xiashun is planning to offer 500 million new shares, or approximately 25% of the company, with 90% earmarked for institutions and the rest for retail investors. The deal carries the normal Hong Kong...
¬ 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 [email protected], 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 [email protected], or +(852) 2122 5222