http://www.gwm-tv.com - A Chinese company that grows eucalyptus in Brazil for cellulose production is to have a $1 billion initial public offering (IPO) reviewed by the listing committee of the Hong Kong stock exchange this Thursday, sources have confirmed.
Sateri - which is controlled by one of Indonesia's richest men, Sukanto Tanoto - hopes to list in Hong Kong later this month pending the application's approval. One source close to the deal said the final pricing would depend wholly on the market conditions.
Specialty cellulose is used in many modern products - from sunglasses to ice cream.
