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By Lillian Liu (China Daily)
Updated: 2008-03-18 15:33

Carpenter Tan Holdings Ltd, China's leading wooden comb manufacturer, is crafting an initial public offering (IPO) in Hong Kong.

Pedestrians pass by a Carpenter Tan outlet in Beijing. Carpenter Tan Holdings Ltd, China's leading wooden comb manufacturer, is crafting an initial public offering in Hong Kong.[China Daily]

"We have hired a new accounting firm and our colleagues are working tirelessly on the offering," Carpenter Tan's Hong Kong Operations Manager Raymond Law said. "We hope to float shares in Hong Kong soon."

No definite timetable has been given for the offering.

Back in 2006, Carpenter Tan had reportedly planned a HK$50 million IPO, but it was postponed due to "technical problems".

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