China Forestry prices HK IPO near top of range-source

HONG KONG Nov 25 (Reuters) - China Forestry Holdings Group, a forestry plantation operator backed by the Carlyle Group [CYL.UL], priced its initial offering of shares near the top of an indicative range, raising HK$1.55 billion ($200 million), a source involved in the deal said on Wednesday.

The company, also invested in by private equity firm Partners Group, is offering 750 million shares at HK$2.07 each against an earlier price range of HK$1.60-2.10 apiece, the source told Reuters.

China Forestry plans to list on the Hong Kong stock exchange on Dec. 3.

UBS (UBSN.VX) (UBS.N) and Cazenove are joint sponsors for the IPO. (Reporting by Fion Li; Editing by Jacqueline Wong) ((fion.li@thomsonreuters.com; +852 2843 6369; Reuters Messaging: fion.li.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))