Expansion is evidently a high priority for many Chinese companies, particularly those hoping to grow along with the country's continuing industrialisation. This week, there are three industrial players in the Hong Kong market looking for capital to fund their development plans, despite the volatility in global markets that is increasing the necessity for attractive offering prices.
China Liansu Group, a manufacturer of plastic pipes for water supply and drainage, has joined the listing hopefuls and is looking to raise HK$2.62 billion $337 million to build new factories and expand existing production facilities. The company started bookbuilding on Monday and is opening its Hong Kong retail offering today.
Also in the market is touchpad...
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