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Wan LixinOpinion deputy editor of Shanghai Daily
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Lung Ming IPO launch in Hong Kong
July 21, 2009, Tuesday
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Print Edition
Print Edition
CHINESE iron ore miner Lung Ming, partly owned by private equity firm Hopu and Singapore's state investor Temasek, plans to list shares in Hong Kong to raise up to US$1 billion, according to sources.
If successful, Lung Ming's Hong Kong IPO would be the first investment exit for Hopu, a US$2.5-billion fund run by top Chinese dealmaker Fang Fenglei, who helped Goldman Sachs set up its China investment banking joint venture.
If successful, Lung Ming's Hong Kong IPO would be the first investment exit for Hopu, a US$2.5-billion fund run by top Chinese dealmaker Fang Fenglei, who helped Goldman Sachs set up its China investment banking joint venture.
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