Sanjian Chemicals plans HK$1b offering
Zhejiang province-based industrial chemicals producer Sanjian Chemicals is expected to raise just under HK$1 billion in an initial public offering mid next month, a person familiar with the deal said. The company is the mainland's largest privately-owned maker of ethylene oxide and other surfactants, which are core components of cleaning agents and cosmetics. Bank of Communications International is the sole global coordinator. Daiwa Capital Markets is a sponsor.