Bad debt manager Huarong aims for $3bn IPO
China Huarong Asset Management, which signed up eight pre-IPO investors in August last year for a stake worth around $2.4bn, is slowly moving forward with its Hong Kong listing plans. The IPO, expected to raise at least $2bn but which could go up to as much as $3bn, is set to receive a lot of attention from investors as peer China Cinda Asset Management has performed well since its own listing.
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