Citic Securities sets HK listing price guidance – IFR

15-Sep-2011 Intellasia | AFP | 7:01 AM

Citic Securities Co Ltd, China’s largest publicly traded brokerage, has set a price guidance for its up to $2 billion Hong Kong listing and signed up at least five cornerstone investors for the deal, IFR reported on Wednesday.

The company was looking to price the shares at between a discount of 13 percent to its Shanghai-listed shares and a premium of 3 percent, said IFR, a Thomson Reuters publication.

Citic Securities had secured five cornerstone investors, including Singapore state investor Temasek Holdings Pte Ltd, with more expected in coming days, IFR added. -By Chris Lewis

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