Huarong, the biggest of the four funds the central government set up to remove an estimated 1.4 trillion yuan (HK$1.76 trillion) of bad loans from the top four state banks as they prepared for initial public offerings, has reportedly been looking to raise up to US$2 billion by selling a stake of 15 to 20 per cent.
via Business feed http://www.scmp.com/business/money/markets-investing/article/1289408/huarong-split-over-investor-plan
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