Hopu-backed Winsway to sell pre-IPO stake to Daiwa SB Investment
Hopu Investment Management-backed Winsway Coking Coal Holdings Ltd, which plans to raise up to $574 million from an IPO in Hong Kong, is about three times covered on the sixth day of its bookbuilding, and has secured Daiwa SB Investments to buy $40 million worth of shares, according to reports.
The Chinese coal logistics company started taking orders on Sept. 20, with an offering range between HK$3.25 ($0.42 ) and HK$4.5 ($0.58) per share price range, and will set a final price on Sept. 30. Hopu...
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