Guotai Junan wins Hong Kong approval for $2 bln listing - IFR

HONG KONG, March 17 (Reuters) - China's Guotai Junan

Securities has won approval from the Hong Kong stock

exchange for its planned about $2 billion share offering,

Thomson Reuters publication IFR reported late on Thursday,

citing people familiar with the situation.

The Shanghai-listed brokerage plans to start pre-marketing

for the deal as early as next week, in what will be the biggest

Hong Kong share sale so far this year. It plans to sell not more

than 1.04 billion H shares, excluding a greenshoe option of 15

percent of the base deal.

Shenzhen-listed Shenzhen Energy Group said last

month that it would invest up to $250 million as a cornerstone

investor in Guotai Junan's offering.

Bank of America Merrill Lynch, Goldman Sachs,

Shanghai Pudong Development Bank International and Guotai

Junan's Hong Kong investment-banking arm - Guotai Junan

International are joint sponsors of the transaction.

The proceeds will be used to raise capital for domestic and

foreign securities-related business development and investment,

Guotai Junan said in a Shanghai bourse filing in September 2016.

The brokerage went public in June 2015, raising $4.8

billion, in what is still the largest listing in mainland China

since 2010.

(Reporting by Fiona Lau of IFR, writing by Julie Zhu; Editing

by Himani Sarkar)