Li set for bumper IPO
By Bloomberg News |
01:30 UTC+8 April 9, 2011
|
Print Edition
Print Edition
BILLIONAIRE Li Ka-shing's real estate investment trust may raise as much as 11.2 billion yuan (US$1.7 billion) in the first yuan-denominated initial public offering outside Chinese mainland, two people with knowledge of the matter said yesterday.
Hui Xian REIT is offering 2 billion units at 5.24 yuan to 5.58 yuan in Hong Kong, said the sources, who asked not to be identified. The trust aims to start trading on April 29 and management is scheduled to meet investors next week to market the IPO, they said.
Hui Xian REIT is offering 2 billion units at 5.24 yuan to 5.58 yuan in Hong Kong, said the sources, who asked not to be identified. The trust aims to start trading on April 29 and management is scheduled to meet investors next week to market the IPO, they said.
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