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UBS Exclusive: To Lead Ant Group-backed IPO

Chongho Bridge Credit Agricultural Group Co., a Chinese rural bank that provides microcredit and micro-insurance to small businesses, is reportedly exploring the possibility of an initial public offering (IPO) in Hong Kong.

The headquarters of UBS in Zurich, Switzerland. PHOTO: Michael Buholzer/Reuters

The potential IPO could raise up to $500 million as the bank collaborates with China International Capital Corp. (CICC) and UBS Group AG in preparation for the listing.

While the IPO is anticipated to occur next year, the final amount raised

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