Equity The listing of Samling Global, a Malaysian forest resource and wood products company, has raised HK$2.18 billion ($280 million). It is hoped that the transaction will start a trend of smaller Asian countries listing in Hong Kong. "We see the Samling IPO as further confirmation of Hong Kong's standing in Asian capital markets," said Tommy Tong, corporate partner at Herbert Smith. "Over the past few years mainland issues have tended to dominate the headlines. We expect to see an increasing number of IPOs from countries like Malaysia that are keen to access the liquidity and participate in a very active market."
March 31 2007