Lianhua Supermarket will begin pre-marketing its planned US$100 million Hong Kong flotation next week after meeting the stock exchange's listing requirements. Last week, the mainland supermarket operator announced it had delayed its flotation plans after failing to get a waiver from the listing committee on the qualifications of its company secretary. Hong Kong Exchanges and Clearing asked Lianhua to appoint a qualified person with knowledge of Hong Kong's laws and accounting rules as company secretary. It also asked the company to appoint an independent non-executive director from Hong Kong. In response, Lianhua had hired an extra company secretary and appointed an additional non-executive director, a source close to the listing plan said yesterday. The company - China's largest supermarket chain - will test market sentiment next week ahead of a roadshow in the middle of next month in Europe, Singapore and Hong Kong. 'A formal H-share listing on the local exchange is expected by the end of June,' the source said. He said Lianhua had appointed its offshore legal adviser Simmons & Simmons as an additional company secretary while keeping its mainland company secretary. The firm plans to issue at least 150 million shares, about 25 per cent of its issued share capital, with 90 per cent to be sold through international placement and the rest through an initial public offering. Lianhua, which is more than 50 per cent owned by Shanghai-listed Shanghai Friendship Group, has 1,880 mainland outlets. Meanwhile, Lianhua said it had formed an alliance with Shanghai Petrochemical to open convenience stores at the oil company's more than 400 petrol stations in Shanghai. The first five stores will open early next month.