China Resources Power launches pre-marketing

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.