Huarong eyes IPO meet
Source: Agencies |
August 5, 2015, Wednesday
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Print Edition
Print Edition
STATE-OWNED bad debt management firm China Huarong Asset Management Co plans to seek a hearing with the Hong Kong stock exchange over its initial public offering of up to US$3 billion as early as the end of this month, Thomson Reuters publication IFR reported yesterday.
The move would set the ball rolling for an IPO in September, the report said.
Huarong filed last month for the IPO, becoming the second of China’s big-four bad debt managers to list after China Cinda Asset Management Co raised US$2.8 billion in 2013.
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