CCSC secures cornerstones for $200m IPO

The Chinese regional securities house is set to test the Hong Kong IPO market for second-tier firms.

CCSC secures cornerstones for $200m IPO

Central China Securities CCSC has secured $60 million worth of cornerstone investors for its $200 million Hong Kong IPO, which begins a roadshow on Monday.

Two mainland investors Mao Yuan Capital and Sunshine Empire agreed to buy 30% of the deal as cornerstones, while the deal also received initial interest from anchor investors, said a source familiar with the situation.

The company is planning to sell 598 million shares or 25% of the company’s total share capital...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition