Huarong's $2.5b IPO leans on cornerstones
Ten mainly Chinese state-backed cornerstone investors have committed $1.6 billion for approximately 70% of the shares on offer.
October 15, 2015
China Huarong Asset Management has joined the long queue for an A-share listing, seeking fresh capital to fund its expansion as the economic slowdown in China begins to bite, creating new opportunities to acquire distressed assets.
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