Cinda IPO receives US$1.1 b share pledge

A group of 10 investors, including Norway's sovereign wealth fund and Och-Ziff Capital Management Group, have committed to buy about US$1.1 billion into China Cinda Asset Management as part of its Hong Kong initial public offering, people familiar with the matter said yesterday.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1364717/cinda-ipo-receives-us11-b-share-pledge