HONG KONG Nov 8 China Cinda Asset Management
Corp, one of four companies set up in the late 1990s to manage
the country's bad loans, received approval from the listing
committee of the Hong Kong stock exchange to go public in the
city, a source with direct knowledge said on Friday, clearing
the way for its up to $2 billion deal.
The go-ahead means China Cinda will start pre-marketing the
IPO to investors as soon as Monday, added the source, who was
not authorized to speak publicly on the matter.
Bank of America Merrill Lynch, Credit Suisse
, Goldman Sachs, Morgan Stanley and UBS
were hired as joint global coordinators of the IPO,
Thomson Reuters publication IFR previously reported.