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
Category: Hong Kong