Hong Kong gets it Reit

Hong Kong''s largest government privatization is priced (again).

The pricing this weekend of a HK$19.83 billion $2.54 billion offering by Link Reit sees the Hong Kong government set the record for the world's largest Reit IPO for the second year in a row. In December 2004, a similarly sized offering was de-railed by a legal challenge from two disgruntled tenants between pricing and listing.

This year the Hong Kong Housing Authority is quietly confident its deal will start trading on schedule this Friday...

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