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Huarong may file for HK IPO
Last Updated: 2015-07-01 11:31 | Agencies-Global Times
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China Huarong Asset Management Co, the country's biggest bad-debt manager, could file for its Hong Kong IPO as soon as Tuesday, IFR reported citing sources familiar with the plans.

The IPO will take place in September, added IFR, a Thomson Reuters publication. The deal could reach as much as $3 billion.

A Huarong spokeswoman in Beijing declined to comment.

Huarong's deal would be the second IPO by one of China's so-called asset management companies, following on the footsteps of China Cinda Asset Management Co Ltd, which raised $2.8 billion in a Hong Kong listing in December 2013.

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