Haitong re-launch IPO to expand Chinese sec lending
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Haitong re-launch IPO to expand Chinese sec lending 19 April 2012Hong Kong Reporter: Georgina Lavers
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Haitong Securities, a Chinese brokerage company has re-launched its Hong Kong IPO to raise up to $1.77 billion.
The company was forced to delay its IPO due to quietened response from investors in weak market conditions.
As of December 2011, Haitong Securities has the fourth largest branch network among Chinese securities firms in China. It will use 20 per cent of investment raised for expansion in margin financing and its securities lending business in China.
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