Bad-debt manager China Huarong may file for Hong Kong IPO on Tuesday-IFR

June 30, 2015 5:02 AM

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HONG KONG, June 30 China Huarong Asset Management Co Ltd, the country's biggest bad-debt manager, could file for its Hong Kong initial public offering 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, with Citigroup, Goldman Sachs, HSBC and ICBC International acting as sponsors, IFR previously reported.

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