International Far Eastern Leasing, based in Shanghai, is set to be the first Chinese leasing company to go public after its filing with the Hong Kong stock exchange last month.
A successful listing – which people close to the company say could value the company at more than $1bn – would vindicate the early investments by its backers, Sinochem and a consortium led by KKR, the private equity group.
It turns the spotlight on a sector that has come to be an important source of funding for cash-starved small and medium-sized enterprises in China.
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