Popular cemetery stock to trade on Thursday

Fu Shou Yuan, the operator of a chain of high-end cemeteries, will start trading in the Hong Kong Stock Exchange on Thursday, after raising HK$1.6 billion ($206 million) through an initial public offering.

The company's shares were oversubscribed more than 680 times.

The Shanghai-based company was founded in 1994 and now operates cemeteries in eight cities across China. In addition to burials, it offers services ranging from entertainment and catering to personalized life-sized statues.

Farallon Investors, a hedge fund, and Carlyle, a private equity group are among the cornerstone investors.

gaochangxin@chinadaily.com.cn