Bloomberg News reports that Goldman Sachs, Morgan Stanley and Deutsche Bank have held talks about investing in Huarong Asset’s $1.5bn share sale ahead of a planned listing in Hong Kong next year, the FT said.
The newspaper cited another unnamed banker as saying only a few meetings had been held and a deal is not expected until December.
Eddie Naylor, a spokesman for Goldman Sachs, declined to comment. Jeremy Hughes, a Deutsche Bank spokesman, declined to immediately comment. A Morgan Stanley spokeswoman couldn’t immediately be reached for comment. Phone calls to Beijing-based China Huarong’s press office went unanswered.
Huarong Asset said in October it would seek Chinese and foreign strategic investors and sell shares in local and overseas markets.
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