Brazil Pulp Maker Reported in HK IPO

Sateri International Group, a Brazil and China-based wood-based specialty cellulose producer, has filed a listing application with the Hong Kong Stock Exchange, according to Dow Jones and Reuters. Sateri, controlled by Indonesian businessman Sukanto Tanoto, had previously been reported to target a $1bn equity raise. Sateri owns and manages forests in Brazil and operates a mill in China. The company was unavailable for comment late Monday EST.