China debt manager Orient to raise $1.52 billion before IPO: Xinhua

January 28, 2016 1:15 PM

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BEIJING China Orient Asset Management Co., one of the country's top distressed debt managers, will raise 10 billion yuan ($1.52 billion) ahead of its initial public offering (IPO), Xinhua news agency said on Thursday.

The money will be raised from strategic investors around the end of this year, Xinhua said, without giving specifics.

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