Companies are kick-starting their Hong Kong listing plans, with stock market sentiment improving and the Sars outbreak under control. A string of companies - including mainland-based firms Beijing Capital Land, Lianhua Supermarket and Ko Yo Ecological Agrotech, as well as Vietnamese-incorporated monosodium glutamate (MSG) maker Vedan International - are targeting listings in the next few months. Tung Tai Securities associate director Kenny Tang Sing-hing said most of the firms had been considering Hong Kong listings for some time but put plans on hold because of the poor market sentiment. Among the listing candidates, Mr Tang expected Lianhua Supermarket would be most attractive because of the growth potential of the mainland retail industry. The supermarket-chain operator, which started pre-marketing exercises yesterday, plans to raise between US$57.25 million and $77.75 million - less than the market forecast of $100 million. BNP Paribas Peregrine - the flotation's global co-ordinator and bookrunner, said Lianhua was expected to trade at a price-earnings multiple of 14.8 to 20.1 times. Vedan plans to raise $40 million from its listing. DBS is its financial adviser. The company, which has production facilities in Ho Chi Minh City and Xiamen in China, has annual capacity of 167,000 tonnes of MSG products and 180,000 tonnes of starch products. Vedan last year posted turnover of $183 million. Mainland property developer Beijing Capital Land is seeking an H-share listing this month or early next month. The company is the property unit of infrastructure-to-technology firm Beijing Capital Group and focuses on A-grade office towers and mid to high-end residential buildings.