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Chow Tai Fook Eyes $4B In Share Issue

Chow Tai Fook Jewellery Co. is looking to raise about $4 million through an initial public offering.

Chow Tai Fook Jewellery Co. is looking to raise about $4 million through an initial public offering, The Wall Street Journal reports. Goldman Sachs, HSBC Holdings and J.P. Morgan will be managing the planned deal.

The offering represents 15 percent to 20 percent of the jewellery company’s total share capital, adds Reuters. The retailer aims to list the shares on the Hong Kong Stock Exchange.

Click here for the story from The Wall Street Journal.

Click here for additional coverage from Reuters.

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