HONG KONG: China is casting off its reputation as a black hole for private equity.
The upcoming initial public offering (IPO) of the country's biggest chipmaker to raise up to US$1.59bil shows just how far China Inc has come from the bad old days when foreign investors hoping to profit from stellar economic growth often got burnt.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!