KKR-backed Far Eastern Horizon nears IPO
Private equity-backed Far East Horizon Ltd., a division of government-owned Chinese trading conglomerate Sinochem Group, has reportedly targeted $600 million ahead of its official IPO process in Hong Kong next week, according to Bloomberg.
The report further noted that the Shanghai-based leasing company will confirm the offering’s share price later this week, with sources estimating the price to be between HK$5.2 and $6.8 ($0.67 and $.87)....
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