June 4, 2019 / 8:33 AM / 3 months ago

Chinese brokerage Huatai to list GDRs on London Stock Exchange

June 4 (Reuters) - Huatai Securities Co Ltd, one of China’s largest brokerages, said on Tuesday it plans to raise more than $500 million by listing its Global Depositary Receipts (GDRs) on the London Stock Exchange.

Huatai said it would issue 82.5 million GDRs, representing 10% of the total share capital of the company. (Reporting by Sangameswaran S in Bengaluru Editing by Saumyadeb Chakrabarty)

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