Stocks News
- Two property firms eye HK IPOs
Date: 1-Feb-2007 Sources: (Shenzhen Daily)
MAINLAND property companies China Property and Honglong Properties plan to raise about HK$3.7 billion (US$474 million) in initial public offerings (IPOs) in Hong Kong, the South China Morning Post reported yesterday.
The newspaper cited market sources as saying China Property planned to raise HK$3.1 billion in an IPO and Honglong Properties aimed to raise HK$600 million. Honglong plans to sell 250 million shares, or 25 percent of its enlarged share capital, raising funds for land acquisition, and China Everbright is arranging the sale, the paper added. It gave no further listing details.
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