PAG backs Haitong's $1.8b Hong Kong offering
PAG has become a cornerstone investor in the Shanghai-listed brokerage Haitong Securities' Hong Kong IPO, buying $300 million worth of shares as part of a potential $1.8 billion offering.
The private equity firm is among 11 cornerstone investors that pledged to buy a combined $580 million of shares. Other participants include DE Shaw, Japan's SBI Holdings and Dah Sing Bank, IFR reported....
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