Norway fund, Oaktree among anchors for China Cinda IPO
Norway’s sovereign wealth fund and Oaktree Capital Management are two of 10 cornerstone investors that will cover up to 44% of China Cinda Asset Management Corp’s IPO. The company, originally set up to absorb non-performing loans (NPLs) from China’s Big Four state-owned banks, is looking to raise as much as $2.46 billion through the Hong Kong offering.
Norges Bank Investment Management and Oaktree will be joined by Och-Ziff Capital Management, Farallon Capital Management, Rongtong Capital Management, Ping An Insurance's asset management arm, Shandong...
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