China Shanshui Cement plans up to $305 mln HK IPO

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HONG KONG, June 16 (Reuters) - Chinese cement maker China Shanshui Cement aims to raise up to $305 million from a Hong Kong initial public offering, a source close to the deal said on Monday.

The Shandong-based cement producer plans to sell 650.8 million new shares, or 25 percent of its enlarged share capital, at a price ranging from HK$2.70 to HK$3.65 apiece.

Morgan Stanley (MS.N) and Credit Suisse (CSGN.VX) are the sponsors of the deal. (US$1=HK$7.8) (Reporting by Kennix Chim, Editing by Jacqueline Wong)