Vanke to pick Citic Securities for H-share conversion

The Beijing-based brokerage firm is rumoured to have won the mandate for China Vanke's B-share to H-share conversion.

Vanke to pick Citic Securities for H-share conversion

China Vanke is likely to name Citic Securities as the main bookrunner for the transfer of its Shenzhen-listed B-shares to the Hong Kong Stock Exchange, according to sources.

Citic is currently acting as financial adviser to Vanke on the highly awaited conversion, but sources say the firm will take on a more significant role. A spokesperson at Citic declined to comment.

It will not be a lucrative deal for the Beijing-based brokerage,...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...