DeloitteÆs launches China IPO

Deloitte & Touche: a new investment bank?

In a new landmark yesterday Monday, Deloitte Touche Corporate Finance launched an IPO for a Mainland Chinese company on the main board of the Hong Kong Stock Exchange. The HK$320 million $41.03 million deal for Global Bio-chem Technology follows other successes for the firm. In July 2000, it became the first professional services-linked firm to act as an independent financial adviser in Hong Kong when it advised the independent board committee of Joyce Boutique on its takeover by...

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