Tianhe Chemicals Group has chosen London over Hong Kong for its planned listing, the Hong Kong Economic Journal reported Monday. The Liaoning-based company plans to raise US$1 billion, equivalent to 13 percent of all proceeds from Hong Kong listings during the first three quarters, the report said. The lubricants maker is eyeing a March 2014 debut on the London Stock Exchange. JP Morgan Cazenove and Morgan Stanley are advisers for the fundraising, the report said.
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