JINAN, Nov. 17 (Xinhuanet) -- Xiwang Sugar, China's largest corn sweetener producer, will get listed on Hong Kong stock market earlier next month, a deal in which China Construction Bank (CCB) International Capital will act as a sole sponsor for the first time.

　　The company, b ased in east China's Shandong Province, will sell 280 million shares, for 1.70 HK dollars to 2.05 HK dollars per share, to raise at least 450 million HK dollars to expand its production capacity, according to market observers close to the deal.

　　CCB International Capital, the wholly owned unit of CCB, which helped its parent banking complete the 62.2 billion HK dollars IPO last month, will act as the sole global coordinator, book runner and lead manager of the deal, according to sources with CCB.

　　CCB International Capital will then be given options to purchase three percent of its first significant client's shares over a period of six to 48 months, under a bridge loan agreement between CCB and Xiwang, the Hong Kong-based newspaper the Standard reported.

　　"We plan to increase our glucose crystals production capacity to 450,000 tons next year, from 250,000 tons this year, the paper quoted Wang Yong, Xiwang Corporation's chairman, as saying.

　　Xiwang Sugar, mainly processing corn starch and glucose powder for export to 15 countries, produced 200,000 tons of glucose powder last year, or 34 percent of the country's total, the company's statistics showed.

　　And Wang said the company expected to enlarge its global market and make exports accounting for 20 percent of sales by 2007. Enditem