Chinese packaging company goes public in Hong Kong

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    PRC-based plastic packaging manufacturer Jin Bao Bao Holdings (Jin Bao Bao) has listed on the Hong Kong Stock Exchange. It raised approximately HK$62.5…

    PRC-based plastic packaging manufacturer Jin Bao Bao Holdings (Jin Bao Bao) has listed on the Hong Kong Stock Exchange. It raised approximately HK$62.5 million (US$8 million).

    The issuer plans to use the majority of its net proceeds from the initial public offering (IPO) to establish a factory in Wuhu City. The rest of the proceeds will go to repaying bank loans, general working capital and other corporate purposes. The sole sponsor for the IPO was Cinda International Capital.

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