China Shengda Packaging Group, one of the largest paper packaging manufacturers in China, raised $33 million by offering 8.1 million shares at $4, as specified in its post-effective amendment filed on Wednesday. The company, which was formerly quoted on the OTC BB under they symbol CPAK, had originally filed to offer 10.1 million shares at a range of $5.50-$6.50. China Shengda Packaging Group plans to list on the NASDAQ under the symbol CPGI. Oppenheimer & Co. and William Blair acted as lead managers on the deal.
