City & Corporate: Shared Value to handle Chinese listing

Chinese concrete pump manufacturer Jarlway Holdings is tying up with Shared Value for what has been slated as the first Chinese industrial company listing in London.

Shared Value partner Alex Dee and manager Nicholas Duperrier are handling PR around the AIM listing, which is scheduled for next month and could value the manufacturer at £22.5m.

Nabarro Wells & Co has been appointed as adviser and broker on the float.

Jarlway hopes to raise up to £8m, which it plans to spend on the construction of a plant on land it has acquired in the Guangzhou Economic and Technology Development Zone.

Jarlway has around eight per cent of the concrete pump market in China and has assembled and supplied pumps for many of the country's high-profile construction projects, including the 31km Shanghai-Donghai Bridge and the 420-metre Dalian Guomao Building Project.

Jarlway made a pre-tax profit of £1.4m in 2004 on net sales of £6.4m.

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