Temasek's ITS to list in Hong Kong
Temasek Holdings will seek to increase its pre-IPO stake in PRC investee intelligent transportation system provider China ITS (Holdings) Co Ltd. which anticipates raising about $119 million via a Hong Kong IPO in July.
Beijing-based ITS and shareholders will float a 15% stake, about 84% of which is newly issued shares. The balance will be sold by current shareholders. At the same time, two pre-IPO shareholders will subscribe...
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