China Resources Power launches pre-marketing

Pre-marketing begins today (Tuesday) for a $300 million to $350 million IPO.

Sole sponsor Morgan Stanley and joint bookrunner BOCI are beginning to soft market a Hong Kong IPO of the power assets of the China Resources group. Roadshows for a roughly 900 million share offering in China Resources Power CRP are provisionally scheduled to begin on October 20, with final pricing set for Monday November 3. Alongside the leads, co-leads are CICC, CLSA, HSBC and ING.

Unlike recent benchmark Hong Kong IPO's, there will be...

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