Bad debt manager Huarong starts pre-marketing up to $3 bln HK IPO -terms

October 5, 2015 3:16 AM

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HONG KONG Oct 5 State-owned bad debt management firm China Huarong Asset Management Co Ltd has started to pitch its planned Hong Kong initial public offering to investors, according to terms of the deal seen by Reuters.

Huarong had received the nod for an IPO in August but the pitch to investors had been delayed due to turbulence in global markets.

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