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CHINESE NYLON PRODUCER TO LIST ON AUSTRALIAN BOURSE.

AsiaPulse News

| December 03, 2007 | COPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MELBOURNE, Dec 3 Asia Pulse - Chinese nylon producer Mesbon China Nylon Ltd plans to list on the Australian stock exchange in mid-December after closing its $A20 million ($US17.66 million) initial public offer early and oversubscribed.

Mesbon is the largest producer of nylon yarn in the Zhejiang Province, and one of the top five producers in China.

The company said today it had targeted a minimum subscription of $15 million but had received applications for about $90 million.

"We have been completely overwhelmed by the show of faith by Australian investors," Mesbon China Nylon director Paul Teisseire said.

"Mesbon has laid the foundations for many other Chinese companies seeking to list on the ...

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Source: HighBeam Research, CHINESE NYLON PRODUCER TO LIST ON AUSTRALIAN BOURSE.

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