Everbright Securities began investor education for a long-awaited H-share listing on Monday, bringing an end to an almost one-month dry spell in Hong Kong’s equity market.
The Shanghai-headquartered securities firm will conduct premarketing sessions for a week before officially kicking off the $1 billion share sale on August 8, according to a source familiar with the situation.
The timetable for the deal is still tentative, but bankers hope the institutional bookbuild for Everbright Securities' share sale will take place between August 8 and August 11. The shares are expected to begin trading on August 18 in Hong Kong.
China Everbright Capital, UBS...