China Huarong Files Listing Application for Hong Kong IPO of Up to $3 Billion
July 06 2015 - 3:09AM
Dow Jones News
By Yvonne Lee
HONG KONG--China Huarong Asset Management Co. on Monday
published a preliminary prospectus on the Hong Kong Stock Exchange
website for an initial public offering that could raise between $2
billion and $3 billion.
The potential listing would make Huarong--China's largest
bad-loan buyer by assets--the second such company to go public
after China Cinda Asset Management Co. (1359.HK) raised $2.8
billion in a Hong Kong offering in December 2013.
A listing application is the first step toward getting approval
from the Hong Kong exchange for an IPO.