For a glimpse of how China's rising bad loans will play out in the banking system, just look to one of the institutions tasked with soaking up the deluge of toxic debt. China Cinda Asset Management , the largest of these so-called bad banks set up in.
China Cinda Asset Management Co. will soon begin marketing itself to investors ahead of its initial public offering, which could raise as much as $2.4 billion, making it Hong Kong’s biggest IPO this year. While the company has diversified in recent years.
Mr. Lai said the stock offering would likely top the $2.5 billion Hong Kong IPO of Cinda Asset Management Co. in late 2013. Mr. Lai said the stock offering would likely top the $2.5 billion Hong Kong IPO of Cinda Asset Management Co. in late 2013.
China Cinda Asset Management Co., Huarong Asset Management Corp., China Orient Asset Management Corp. and China Great Wall Asset Management Corp. were set up to hold the bad loans at or near face value in an explicit bailout of the Big Four .
HONG KONG — China Huishan Dairy Holdings Co., which uses cows imported from Australia to produce milk, plans to raise up to US$1.3 billion in what is set to be Hong Kong's largest initial public offering in four months. The Chinese milk producer, in.
But the near middle-end pricing by the bank, which is in an industry facing growing bad debt, stood in contrast to the heady investor response to the recent $2.5 billion flotation of bad debt acquirer China Cinda Asset Management Co. Ltd., until now.
HONG KONG —China Huarong Asset Management Co. plans to start taking orders for its $2.5 billion Hong Kong initial public offering next week, in what could be one of the region's biggest listings this year and only the second so far by a mainland .
If successful, the deal would be Hong Kong's biggest initial public offering of the year, overtaking that of China Cinda Asset Management , a state-run ''bad bank'' that raised $2.5 billion in its share sale last week. It is Everbright Bank's third try.
China Cinda Asset Management Co., Ltd., which is conducting an initial public offering (IPO) in Hong Kong, said on Wednesday that it had determined its IPO price at 3.58 HK dollars (46 U.S. cents) per share. That is the upper limit of the price range set.
In Hong Kong's IPO pipeline are offerings from China Cinda Asset Management Co., which buys bad loans from the country's banks, which is looking to raise around US$2 billion via an IPO in Hong Kong in November, while Bank of Chongqing Co. plans to .
Cinda Asset Management, one of China's big four state ... Jiang Zhicheng, the grandson of former president Jiang Zemin, is a Hong Kong-based partner in Boyu. The South China Morning Post reported in March this year that Carlyle and Boyu had made indirect.
According to two people with direct knowledge of the case, an unknown sum was loaned by China Construction Bank (SS:601939) through Shanghai Trust to Cinda Asset Management Company. Cinda then invested the cash. One of the sources said Cinda  .
China Cinda IPO Raises $2.5 Billion Wall Street Journal.
China Cinda Asset Management Corp, the nation's second-biggest bad debt manager, trades at a 12-month forward price-book ratio of 0.8, according to Thomson Reuters data. It raised $2.5 billion through an Hong Kong IPO in 2013. China Huarong was not.
China Huarong Asset Management Co., a “bad bank” that is aiming to raise a minimum of US$2.26 billion in a Hong Kong initial public offering, has already raised more than 70% of that amount from cornerstone investors—what would be a record .