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July 21, 2009

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Home » Business » Energy

Lung Ming IPO launch in Hong Kong

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.


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