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Chinese cosmetics producer Chicmax plans to plan to IPO in Hong Kong

News Snapshot:

Chinese beauty care products producer Shanghai Chicmax Cosmetic Co. is planning an initial public offering in Hong Kong when this year, as per individuals familiar with the matter. Shanghai-based Chicmax is working with China International Capital Corp., Citic Securities Co. and JPMorgan Chase and Co. on the proposed share deal that could raise a few hundred million dollars, individuals said, asking not to be recognized as the data is private. The organization is aiming to file a prospectus in the coming weeks, individuals said. Chicmax had previously considered a listing on the Shanghai stock exchange, according to a document from…

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