China Great Wall Asset Management has asked banks to pitch for work on a Hong Kong initial public offering that is expected to raise at least $2bn for the company tasked with cleaning up China’s bad debt.
Requests for proposals were sent to banks and law firms recently, two people with knowledge of the matter said. The IPO is expected to come to market in the first half of next year but could land in the second half of 2018, the people said.
China Great Wall
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