September 14, 2011 / 2:55 AM / 8 years ago

Citic Securities sets HK listing price guidance - IFR

HONG KONG, Sept 14 (Reuters) - 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. (Reporting by Fiona Lau; Writing by Elzio Barreto; Editing by Chris Lewis)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below