Biostime brushes off melamine scandal with European production lines to price mid range
Biostime International Holdings, the pediatric nutrition and baby care product producer, braved a volatile Hong Kong market this week to successfully price a HK$1.7bn ($212m) IPO in the middle of its price range.
The company fought off association with poor performing IPOs from the same sector, which continues to suffer from Chinas melamine scandal. Biostime instead emphasised its European production lines, its well known brand in China and its growth potential in the sector.
"The company really focused on its brand
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