IN BRIEF (Page 13)

Hopu keen on Minsheng

Private equity fund Hopu plans to invest up to $1 billion in the Hong Kong initial public offering of China Minsheng Bank, a mid-sized lender aiming to raise $4.07 billion through its upcoming IPO.

Of the Minsheng share offering, 90 percent has been allocated to institutional investors, or about $3.66 billion worth of shares, assuming shares are priced at the top end of the indicative range.