Chinese GF Securities plans to raise up to $3.6 billion in HK offer

Chinese brokerage GF Securities (000776.SZ) plans to raise up to HK$27.9 billion ($3.6 billion) from a Hong Kong stock offering, IFR reported on Saturday, citing people familiar with the matter.

The Shenzhen-listed company will offer 1.48 billion shares at an indicative price range of HK$15.65 to HK$18.85 each, added IFR, a Thomson Reuters publication.

The deal has attracted cornerstone investment of a total of $1.9 billion from 17 investors, IFR said. Bookbuilding of the deal will start on Monday, with pricing slated for March 31.

Source: Reuters

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