Huatai Securities reaffirms plan to raise $500m via London-Shanghai stock connect

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By Aidan Gregory
04 Jun 2019

Huatai Securities, the Chinese brokerage, has revived its plan to sell $500m of global depositary receipts (GDRs) on the London Stock Exchange, having postponed the deal last year due to regulatory uncertainties.

Huatai, JP Morgan and Morgan Stanley are global co-ordinators on the transaction, and Credit Suisse is a bookrunner.

If it is completed, the all-primary share sale will be the first via the London-Shanghai stock connect programme, which was first announced in 2015 by the UK and Chinese governments.  

The scheme allows companies ...

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