| China International Capital Corp. is planning to raise US$1 billion in an initial public offering in Hong Kong as early as October, people familiar with the situation said, offering shareholders KKR & Co. and TPG Capital the chance to exit their investments despite turmoil in Chinese stocks.
Central Huijin Investment Ltd., the domestic investment arm of China’s sovereign-wealth fund, is the largest shareholder in CICC with a 43.35% stake. Singapore’s GIC holds 16.35%, while TPG Capital owns 10.3% and KKR holds 10%, according to its 2014 annual report...............................................Full Article: Source
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