Fosun and Zhengzhou to restart Hong Kong IPOs

13 Sep 2012

ECM bankers hope IPOs from Fosun Pharma and Zhengzhou Coal Mining Machinery, now in pre-marketing, will revive the lacklustre market in Hong Kong.

The two companies both originally hoped to launch their listings in the second quarter but delayed the transactions due to dire market conditions and jittery investors. They have now taken tentative steps to revisit their plans.

But both offerings will be smaller than originally intended. Fosun had hoped to ...

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