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CSC Financial's HK IPO seeks as much as US$1.06b

Published Mon, Nov 28, 2016 · 09:50 PM
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Hong Kong

CSC Financial Co, the Beijing-based brokerage and investment bank, and an existing shareholder are seeking as much as US$1.06 billion in a Hong Kong initial public offering (IPO).

The company, formerly known as China Securities Finance Co, and the National Social Security Fund are offering a combined 1.13 billion shares at HK$6.36 to HK$7.26 apiece, according to terms for the deal obtained by Bloomberg on Monday. Cornerstone investors will buy about US$597 million of stock, representing 6…

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