(Updates with company statement in paras 4-5)
HONG KONG, Sept 12 Chinese brokerage Guotai
Junan Securities Co Ltd plans to raise at least $2
billion in a Hong Kong share offering, IFR reported on Monday
citing people close to the plan.
The Shanghai-listed company has sent requests to banks to
pitch for a role in the deal, which is expected to take place in
the first half of 2017, added IFR, a Thomson Reuters
The deal size is unclear and will depend on valuation at the
time of the sale and the number of shares to be sold, IFR
Responding media reports, Guotai Junan said it had not
finalised plans to list shares in Hong Kong.
"We continue to explore opportunities to list in Hong Kong
and have been in contact with several intermediaries," Guotai
Junan said in a filing to the Shanghai stock exchange.
The brokerage went public in June 2015, raising $4.8 billion
in what is still the largest listing in the country since 2010.
The shares rose sharply after their debut on optimism that
trading activity and IPOs in mainland China would grow. But they
have since fallen to trade around 8 percent below their initial
public offering (IPO) price.
(Reporting by Fiona Lau and Meg Shen; Writing by Elzio Barreto;
Editing by Louise Heavens)