China Flavors and Fragrances has joined a growing number of listing candidates with a plan to tap the market for between $100 million and $120 million. Sources said the mainland producer of essence and perfume aimed to sell 100 million shares at $1 to $1.20 each - 7.1 to 8.6 times its projected earnings for this year. The firm intends to use about $60 million of the proceeds to expand its sales and distribution network and its existing production facilities and a further $25 million for product development. The retail offer is scheduled to open on Wednesday and close on December 5. Sun Hung Kai International is the sponsor. Meanwhile, Dongfeng Motor Group and Lijun Pharmaceutical have been attracting decent demand from institutional investors. Sources said the institutional tranche of Dongfeng's up to $4.74 billion share offer was four times oversubscribed, while institutional investors had ordered almost four times the shares available to them in Lijun's $154 million offer. Lijun is to open its retail offer on Friday and aims for its shares to start trading on December 20. The company is offering 70 million shares at between $1.98 and $2.20 each, which is equal to 6.2 to 6.9 times historical earnings. The company relaunched its initial public offering last Friday. Meanwhile, the retail and institutional tranches for Minth Group and New Heritage Holdings were oversubscribed when the offers closed yesterday, sources said. Car parts maker Minth was seeking to raise up to $512 million by selling 200 million shares at between $1.98 and $2.56 each. The shares will start trading on Thursday. Mainland property developer New Heritage offered its shares at 56 to 88 cents each to raise up to $147.8 million. The shares will begin trading on Friday.