| (Reuters) - Hong Qiao Aluminum, China's biggest privately owned aluminium hydroxide producer, will relaunch its Hong Kong IPO as soon as next week, after cutting the size to about $1 billion, IFR reported late on Thursday.
The company had initially targetted raising up to $2.2 billion, but pulled the deal in January due to market volatility, IFR, a Thomson Reuters publication, said.
JP Morgan (JPM.N) is the sole global coordinator for the offering, while Barclays Capital (BARC.L), BNP Paribas (BNPP.PA), Bank of Communications (3328.HK) and ICBC International (1398.HK) are the joint bookrunners, the report added. (Reporting by Fiona Lau; Editing by Jonathan Hopfner) |
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