Samling, which holds a 60% stake in Lingui Developments, began meeting local investors this week and moves on to Hong Kong later this month. Pricing is scheduled to be announced on February 28.

Shares in Lingui jumped 40% last year on the back of strong demand from China, and Lingui expects prices to increase as demand still outstrips supply.

Samling has 4 million ha of forest resources in Malaysia, New Zealand, China and Guyana, and is offering 25% of its share capital.