SAMSON Paper Holdings is seeking to be listed on the stock exchange next month, raising an expected $150 million for expansion in Hong Kong and China. Samson will become the first paper merchant to be listed when the application goes through in the next two weeks. Founder and chairman Sham Kit-ying said although the company was founded in 1965, it only decided on a flotation last year. In the first two decades since its inception, Samson saw little growth. Business picked up sharply after 1985, Mr Sham said. Deputy chairman Adolf Lee Shu-chung said the company's business of supplying paper for publishers and packaging had not experienced the volatility of the newsprint industry. Mr Lee said the company had 30 suppliers worldwide and had long-standing relationships with them. 'This is a stable relationship that we can trust and which has never failed us in the past [three decades],' Mr Sham said. The listing exercise will involve Samson Paper, Shun Hing Paper and Multiform (which handles specialised computer paper forms for large companies) and Samson China. Samson Paper handles large clients and Shun Hing, founded in 1990, small to medium-sized clients. Mr Sham said it was company policy to segregate business between the two companies. Money raised from the float will be used to expand warehouses and offices and to reduce debt. Mr Sham said the demand for paper in China would pick up with the development of the economy. The Chinese used about 20 kilograms of paper per person a year, compared with 200 kg in Hong Kong and 300 kg in other developed countries, he said. BZW Asia will sponsor and underwrite the float.