HK IPOs revive

Two Chinese companies test Hong Kong IPO appetite after summer lull

Zhengzhou Coal Mining Machinery and Fosun Pharmaceutical — both already listed in Shanghai — seek to raise a combined $1 billion through their offerings.

<div style="text-align: left;"> Zhengzhou Coal is a leading maker of mining and excavating equipment in China </div>

September 19, 2012

Bankers started pre-marketing yesterday for Zhengzhou Coal Mining Machinery, which is aiming to raise about $400 million to $500 million from its initial public offering in Hong Kong, a source said.

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