China Merchants Securities sets terms for up to $1.5b Hong Kong offer

China Merchants Securities sets terms for up to $1.5b Hong Kong offer

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

China Merchants Securities plans to raise between $1.3 billion and $1.47 billion from a Hong Kong share offer, IFR reported on Friday, citing sources familiar with the matter.

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