Market Chatter: BlackRock Among Cornerstone Investors in Zhongji Innolight's Potential $8 Billion Hong Kong Listing

MT Newswires Live

Jul 21

BlackRock (BLK) is among the major investors in Zhongji Innolight's potential $8 billion listing in Hong Kong, Bloomberg reported Tuesday, citing sources familiar with the matter.

The cornerstone investors, which also include Hillhouse Investment and Temasek Holdings, are expected to subscribe for almost half of the transaction, sources told Bloomberg. Aspex Management, JPMorgan Asset Management, Wellington Management and Yunfeng Capital are also looking to be major investors, the report added.

Innolight could begin taking investor orders Wednesday but talks are ongoing, and offering details could still change, sources told the news outlet.

BlackRock, Zhongji Innolight, Hillhouse Investment and Temasek Holdings did not immediately respond to MT Newswires' requests for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Aspex Management, JPMorgan Asset Management, Wellington Management and Yunfeng Capital are also looking to be major investors, the report added.</p><p>Innolight could begin taking investor orders Wednesday but talks are ongoing, and offering details could still change, sources told the news outlet.</p><p>BlackRock, Zhongji Innolight, Hillhouse Investment and Temasek Holdings did not immediately respond to MT Newswires' requests for comments.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1599440770.SGD","symbol_name":"FIDELITY GLOBAL DIVIDEND \"A\" (SGDHDG) INC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2653273693","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2653273693","pubTimestamp":1784626654,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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