State-owned financial conglomerate China Everbright Group aims to restructure it...
The advisers will help the group - with businesses as varied as banking, insurance, aircraft leasing and environmental protection services - to finalize details, such as what assets will be listed and under which entity, two of the people said.
The group decided to list in Hong Kong rather than Shanghai partially because the process is shorter and there are fewer uncertainties, the person said. Everbright’s IPO pursuit in Hong Kong comes as Asia’s top financial hub looks to be back in business with companies forging ahead with listing plans after a freeze during months of frequently violent anti-government protests.
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