- LONDON: China’s Tianhe Chemicals Group is seeking to raise $1 billion (619 million pounds) from a London listing in the third quarter of this year, IFR reported citing sources close to the deal.
The Jinzhou-based firm chose London over Hong Kong in order to target the London market’s specialist investor base for the chemicals sector, said IFR, a Thomson Reuters publication.
Tianhe produces more than 200 types of chemicals, specialising in lubricating oil, lubricating oil additives, flurocarbon alcohol and hyrdoflouric ether.
Deutsche Bank and JP Morgan are running the deal.