Swedish hygiene products firm SCA said Monday it would make a cash bid for Chinese household paper company Vinda, which it valued at 9.4 billion Swedish kronor ($1.41 billion), to boost its presence in the world's second-largest market for tissues.

The offer of HK$11 ($1.42) per share for Vinda International Holdings Ltd represents a 34.5 percent premium on its average closing price over the last month, SCA said in a statement.

SCA already owns 21.7 percent of Vinda, and it intends to maintain the listing status of Vinda after the deal.