Top of the ladder for Agile Property

Guangzhou property developers attracts strong retail demand.

Reflecting a major shift in attitude towards mainland property developers, Agile Property attracted large demand for its $406 million deal, which priced on Friday December 9 Under the lead management of Morgan Stanley, the 955 million share deal came at the very top of its HK$3 to HK$3.30 range.

The Hong Kong retail element was 240 times covered, triggering full clawbacks to 50% to the deal, while the institutional portion saw demand of $9...

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