MSPEA-backed Tianhe targets $818m Hong Kong IPO
Tianhe Chemicals Group, a Chinese specialty chemicals maker backed by Morgan Stanley Private Equity Asia (MSPEA), is seeking to raise up to $818 million through a Hong Kong IPO.
The Liaoning-based chemicals maker plans to sell 2.82 billion shares at HK$1.75-2.25 apiece, with 72.5% of the offer comprising new shares, Reuters reported. Tianhe is China's largest manufacturer of...
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