By Edith Terry
In the Sichuan variant of classical Chinese opera, the art of bianlian, or “face changing,” is a stunning trick that sees an actor’s painted mask seemly change with just a twist of the head. Now, one of China’s best-known makeup artists, Mao Geping, himself a former star of the craft, is moving closer to changing the face of his company, Mao Geping Cosmetics Co. Ltd with a transformative IPO that Chinese media say could raise as much as $300 million.
Leading Chinese investment bank CICC is the deal’s sole sponsor, suggesting it will be targeted mostly at Chinese and regional Asian investors who may be familiar wit