Morgans has upgraded Commonwealth Bank of Australia (CBA.AU) after the lender agreed to sell its Australian and New Zealand life insurance units to Hong Kong-based insurer ... a strategic review of its global asset management business, Colonial First.
Mr. Lai said the stock offering would likely top the $2.5 billion Hong Kong IPO of Cinda Asset Management Co. in late 2013. Mr. Lai said the stock offering would likely top the $2.5 billion Hong Kong IPO of Cinda Asset Management Co. in late 2013.
On Thursday, China Cinda Asset Management, one of the biggest ‘‘bad banks’’ set up by the Chinese government to absorb deadbeat loans from the rest of the financial system ... Shanghai company hoping to list in Hong Kong later this month, according.
China Huarong Asset Management Co, a State-owned bad debt management firm, has formally applied for an IPO in Hong Kong ... bad debt managers to list after China Cinda Asset Management Co raised $2.8 billion at the Hong Kong bourse in December 2013.
China Cinda Asset Management Co. will soon begin marketing itself to investors ahead of its initial public offering, which could raise as much as $2.4 billion, making it Hong Kong’s biggest IPO this year ... s decision to list. Typically, fims that.
Cinda is planning to list in December. It is the first listing anywhere by a Chinese distressed-asset-management firm. It is set to displace Sinopec Engineering Group Co.'s $1.8 billion IPO, which made its debut in May, as the top offering in Hong Kong.
China Cinda Asset Management Corp, one of four companies set up in the late 1990s to manage China’s bad loans, has filed an application with the Hong Kong stock exchange for a proposed $2 billion (£1.28 billion) initial public offering (IPO), IFR.
Cinda Asset Management, one of China's state-owned asset management companies (AMC) created to buy up non-performing loans, is expected to apply to go public in Hong Kong next month. The IPO is expected to raise $2.5 - $3 billion. The South China Morning.
Hou Jianhang (L3), chairman of China Cinda Asset Management Co Ltd, poses at the roadshow before the company's Hong Kong IPO on Thursday, Nov 25, 2013. [Photo / icpress.cn] Cinda expects to raise HK$16.97 billion ($2.19 billion) if an over.
HONG KONG, June 17 (Reuters ... in one of the world’s largest bank bailouts. The China Cinda IPO would lead the way for the listing of the three other asset managers, Great Wall Asset Management, Huarong Asset Management and Orient Asset Management.