Montage Technology (SHA:688008) has appointed China International Capital Corp. (HKG:3908, SHA:601995), Morgan Stanley, and UBS Group to work on its planned Hong Kong listing that could raise approximately $1 billion, Bloomberg News reported Monday, citing people familiar with the matter.
The Shanghai-listed semiconductor company announced on Friday that it was planning to list in Hong Kong but did not provide further details, the report added.
Bloomberg said that deliberations are ongoing and plans may change.
(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.)
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