Shanghai-listed Huatai to raise up to $4.5 bln in HK share sale-IFR

May 15, 2015 9:13 AM

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May 15 Huatai Securities Co Ltd, China's largest stock brokerage, plans to raise up to $4.5 billion in a Hong Kong share offering, tapping equity markets to help grow its margin finance and lending businesses, IFR reported on Friday, citing sources familiar with the plans.

The Shanghai-listed company will offer 1.4 billion new shares in an indicative price range of HK$20.68 to HK$24.80 per share, valuing the deal at up to HK$34.7 billion ($4.48 billion), added IFR, a Thomson Reuters publication.

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