Huadian lines up cornerstones, braves HK IPO
Huadian Fuxin Energy Corp is braving the battered Hong Kong stock market to launch a listing that could be worth as much as HK$2.64bn ($340m), after finding big support from cornerstone investors.
The company launched the deal on Monday morning with a cornerstone order book worth nearly two-thirds of the deal and anchor orders to cover the rest before the official launch, said a banker close to the deal.
The company was lucky to hit the market after the
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