Chenming Paper raises $410 mln in HK IPO- source

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HONG KONG, June 11 (Reuters) - Chinese top paper producer Shandong Chenming Paper Holdings Ltd (1812.HK) raised $410 million in a Hong Kong initial public offering after it priced its shares at the bottom of an indicated range, the company said in a statement on Wednesday.

Chenming (000488.SZ) (200488.SZ), the fourth largest paper producer in China by production capacity, priced its shares at HK$9 apiece, compared with a range of HK$9.0-HK$11.8 each.

The company is selling 355.7 million shares, or 17.25 percent of its enlarged share capital, in a deal handled by Guotai Junan Securities and Macquarie (MQG.AX).

Chenming Paper will be the first company on the exchange with three types of shares -- yuan-denominated A shares, foreign currency B shares and Hong Kong-listed H shares. The firm's A- shares ended at 13.12 yuan per share on Tuesday.

The firm is scheduled to start trading on June 18, under the symbol "1812" (1812.HK).

(US$1=HK$7.8)

(Reporting by Kennix Chim; Editing by Ken Wills)