Stocks News
- SOHO China mulls US$400m HK IPO
Date: 16-Jan-2007 Sources: (Shenzhen Daily)
PROPERTY developer SOHO China Ltd. is considering raising around US$400 million in an initial public offering (IPO) in Hong Kong in June, the Shanghai Securities News reported Saturday, citing unnamed sources.
The Beijing-based company had previously planned to raise US$200 million in an IPO. SOHO China is trying to build up its land bank ahead of its IPO, pushing the date out to at least the middle of the year, the report said, citing an unnamed analyst.
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