Private Equity-Backed China Huarong Plans $3B Hong Kong IPO

Login to View

China’s largest state-owned asset management firm China Huarong Asset Management Co., Ltd. is planning to raise as much as US$3 billion in a Hong Kong initial public offering, according to media reports.

The move came after regulators approved in August 2014 to let China Huarong to sell a 20.98% stake to a consortium of eight investor for RMB14.5 billion (US$2.4 billion).

At the time, the investment was made to accelerate improvement of Huarong’s internal management and operations, in preparation for an IPO in Hong Kong in 2015.

China Money Network

UNLOCK DATA
Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and Tech


Register Now

Want to read this important story?

Access thousands of news articles and data posts over the past 9 years!


Already have an account or paid subscription? Log in

Caishen.Co - Primary Data for China Secondary Investment and Stock Markets

RELATED NEWS



LEAVE A REPLY