Far East Leasing Plans IPO in Hong Kong, Seeks To Raise $500 Million - Reuters

Far East Leasing plans to hold an initial public offering in Hong Kong in the first quarter of 2011, Reuters reported citing banking sources. Far East Leasing, which is a subsidiary of Sinochem, seeks to raise $500 million from the IPO. Kohlberg Kravis Roberts & Co. was one of the investors of the IPO, the source said.

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