Some investors were attracted to the offering because of the projected growth in the mainland construction industry, which the company is in a good position to tap into given its diverse range of building materials, including cement, while others focused simply on CNBMÆs cheaper valuation compared with Hong Kong listed Anhui Conch-Cement.
A stabilization of the H-share market in Hong Kong, which was under pressure due to widespread profit taking at the beginning of the insitutional roadshow, also helped, market watchers said.
Either...
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