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April 13, 2012

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Broker eyes IPO

HAITONG Securities Co may raise as much as HK$10.98 billion (US$1.4 billion) in a share sale in Hong Kong, according to the transaction terms.

The brokerage is offering 1 billion shares at a tentative price range of HK$10.48 to HK$10.98 each, and it will set a final price on April 20 and start trading in Hong Kong on April 27, according to the term sheet.

 

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