26 September 2018

Cinda lines up 10 cornerstone investors in IPO, WSJ says

China Cinda Asset Management Co. has lined up 10 cornerstone investors to take up 44 percent of its proposed US$2.46 billion initial public offering, the Wall Street Journal reported on Sunday, citing people familiar with the deal. New York-based Och-Ziff Capital Management Group LLC, which has a strong focus on distressed debt, and China Life Insurance Co. are taking shares worth US$200 million each, the sources were quoted as saying. Norges Bank Investment Management, Norway’s sovereign-wealth fund, is said to be investing US$150 million. Three other investors, including San Francisco-based Farallon Capital Management LLC and Chinese fund Rongtong Capital Management Co. are taking US$100 million of shares each, according to the report.

– Contact HKEJ [email protected]



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