News Snapshot:
(Bloomberg) -- Chinese cosmetics manufacturer Shanghai Chicmax Cosmetic Co. is planning an initial public offering in Hong Kong as soon as this year, according to people familiar with the matter. Shanghai-based Chicmax is working with China International Capital Corp., Citic Securities Co. and JPMorgan Chase & Co. on the proposed share sale that could raise several hundred million dollars, the people said, asking not to be identified as the information is private. The company is aiming to file a prospectus in the coming weeks, the people said. Details of the offering such as fundraising amount and timing are still preliminary...
