China Development Bank has begun testing investor demand for an initial public offering of shares in its leasing business, hot on the heels of BOC Aviation which completed its listing earlier this month.
The proposed IPO in Hong Kong of China Development Bank Financial Leasing or CDB Leasing could raise $1 billion and will comprise both new and existing shares, a banker familiar with the situation told FinanceAsia.
CDB Leasing had been tipped to pip BOC Aviation to the post, having filed its listing application two weeks earlier than its competitor. But by reminding senior management to gauge investor interest more...
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