19 July 2019

Anhui Guoyuan sets sights on HK IPO, paper says

Anhui’s state-owned assets commission plans to allow Anhui Guoyuan Holding (Group) Co. Ltd. list shares in Hong Kong as part of the province’s push to bring private capital into state-owned enterprises, the 21st Century Business Herald reported Tuesday, citing an industry insider. The company is wholly owned by the provincial government and registered a 36.23 percent increase in net profit to 1.5 billion yuan (US$243.77 million) in 2013. The company’s brokerage arm, Guoyuan Securities Co. Ltd. (000728.CN), has listed A shares but that should not affect the Hong Kong listing plan, the report said, citing an underwriter.

– Contact HKEJ at [email protected]


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