Guotai ‘plans IPO in Hong Kong’
Chinese broker firm Guotai Junan Securities Co Ltd plans to raise at least $2 billion in aHongKong share offering, IFR reported onMonday citing people close to the plan. The Shanghai-listed company has sent requests to banks to pitch for a role in the deal, which is expected to take place in the first half of 2017, added IFR, a Thomson Reuters publication. The deal size is unclear and will depend on valuation at the time of the sale and the number of shares to be sold, IFR reported. The brokerage went public in June 2015, raising $4.8 billion in what is still the biggest listing in the country since 2010.
Chinese liquor producer Kweichow Moutai Group displays products designed for female consumers at an industry expo held in Guiyang, capital of Guizhou province, which concluded over the weekend.