Aluminium listing to raise HK$1.22b in city

PanAsialum, a major manufacturer of aluminium casings for Apple's iPad, plans to raise up to HK$1.22 billion from an initial public offering (IPO) in Hong Kong, the Shenzhen-based company said yesterday.

Aluminium parts for various Apple products have increased their share of the firm's portfolio over the past two years. It also produces aluminium door and window frames and other products for architectural uses.

Casings for iPads contributed 47 per cent of the company's revenues last year, up from 8.8 per cent in 2010.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1133907/aluminium-listing-raise-hk122b-city