RRJ, Carlyle-backed logistics player targets $434m HK IPO
A subsidiary of Chinese logistics player Shanghai Yupei Group, which is backed by RRJ Capital, The Carlyle Group, and Temasek Holdings, is looking to raise up to HK$3.36 billion ($434 million) through a Hong Kong IPO.
China Logistics Property Holdings (CNLP) will sell 1.04 billion shares for a maximum price of HK$3.25 apiece, according to a filing. As much as HK$1.71 billion of the offering will be covered by cornerstone...
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