Everbright Sec attracts foreign interest

British insurer Prudential and Taiwan’s Mercuries Life Insurance are among eight cornerstone investors in the Chinese brokerage’s $1.2 billion H-share offering.

Everbright Sec attracts foreign interest

While a decision to allocate the majority of shares from its HK$9 billion $1.2 billion H-share offering to cornerstone investors came as no surprise, Everbright Securities has raised eyebrows by listing two overseas insurance firms among the buyers.

British insurer Prudential and Taiwan’s Mercuries Life Insurance are among the eight cornerstone investors that have agreed to subscribe to 65% to 73% of the deal depending on final pricing. Prudential is investing...

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