Cinda gets $1.1 billion of cornerstone support

Ten cornerstone investors, including Oaktree, Och-Ziff and Farallon, will take up at least 45% of the IPO, which aims to raise between $2.05 billion and $2.45 billion.

Anette Jönsson

November 25, 2013

China Cinda Asset Management, one of China’s four distressed asset management companies (AMCs), has signed up 10 cornerstone investors that will buy close to $1.1 billion worth of shares in its Hong Kong initial public offering, which opens on Monday.

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