China Huarong Asset Management Co., one of the big four state-owned asset management companies in China, held initial public offering (IPO) promotion conference on Thursday in Hong Kong.
Lai Xiaomin, president of the company, noted that they were confident about the IPO. According to the document released previously, Huarong plans to raise 17.48-19.55 billion Hong Kong dollars, slightly lower than market expectations. Huarong will conduct IPO from Friday.
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