Hopu investee Winsway appoints IPO advisors
Chinese coking coal logistics company Winsway, partly owned by a Hopu Investment Management-led investment consortium, has reportedly appointed Goldman Sachs and Deutsche Bank as advisors on its planned Hong Kong IPO, in which the company expects to raise up to $800 million in 4Q10.
Winsway specializes in shipment of coking coal from Mongolian and other mines to China end-users. The investment consortium, also comprising PRC metals SOE China Minmetals Corp. and Silver Grant International...
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