RRJ-backed AAB eyes $300m Hong Kong IPO

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China-based nappy and diaper company AAB Group, whose investors include Asian private equity firm RRJ Capital, is looking to raise up to $300m in its Hong Kong IPO, according to Reuters.

The listing could yield a return of as much as four times to RRJ, the report said.

RRJ Capital previously backed AAB with $80m in 2011 alongside strategic investor CK Life Sciences International.

The company is poised to capitalise on the easing of China’s infamous one-child policy, the report said.

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