Jun
20
CDB Leasing Attracts Three Gorges, China Re to $978 Million IPO
ByChina Development Bank Financial Leasing Co., an arm of the nation’s biggest policy lender, is seeking to raise as much as $978 million in a Hong Kong initial public offering.
The Shenzhen-based lessor agreed to sell as much as 79 percent of the base offering to cornerstone investors including China Reinsurance Group Corp. and China State Shipbuilding Corp., according to terms for the deal obtained by Bloomberg. A single investor, state-owned power generator China Three Gorges Corp., will purchase about 42 percent of the IPO stock, the terms show…
CDB Leasing Attracts Three Gorges, China Re to $978 Million IPO
