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Market Rumors: HKBN, Huarong, 1MDB

By Chelsea Naso (March 5, 2015, 3:58 PM EST) -- Private equity-backed HKBN Ltd., Hong Kong's second-largest broadband Internet provider, is said to have priced its initial public offering at the top of its HK$8 (US$1.03) to HK$9 per share indicative range to raise HK$5.8 billion, Reuters reported Thursday. In the IPO, CVC Capital Partners, a unit of the Carlyle Group LP, and Singapore's sovereign wealth fund raised a total of US$710 million in the offering, the report said. CVC bought HKBN, which offers high-speed Internet to homes and businesses, from Hong Kong Television Network Ltd. in May 2012 for about US$628 million....

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