China Logistics launches IPO as DFZQ prices

Chinese corporate investors continue to prop up the Hong Kong IPO market as Orient Securities prices and China Logistics Property launches.

China Logistics launches IPO as DFZQ prices
Chinese logistics has come a long way

The Hong Kong initial public offering market has continued to stir back to life in the aftermath of the UK’s Brexit vote with the launch of a HK$2.6 billion to HK$3.4 billion $340 million to $433 million IPO for China Logistic Property Holdings CNLP.

The deal follows hard on the heels of the launch of a HK$1.35 billion to HK$1.7 billion IPO for property service provider Greentown on Tuesday...

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