News Snapshot:
PAG’s Yingde Is Said to Pick Banks for $1 Billion Hong Kong IPO (Bloomberg) -- Yingde Gases Group Co., a Chinese industrial gases manufacturer, has selected banks for its Hong Kong initial public offering that could raise about $1 billion, according to people familiar with the matter. The company, owned by private equity firm PAG, is working with Goldman Sachs Group Inc. and Morgan Stanley on the first-time share sale, the people said. Yingde Gases could file for the listing as soon as next month, said the people, who asked not to be named as the information is private. An...
