Supermarket chain Beijing Jingkelong relaunches IPO
The valuation is slightly cheaper than that talked about last time, but the company is still being pitched in between Lianhua Supermarket and main Beijing rival Wumart Stores.
Beijing Jingkelong will go on the road today in its second attempt this year to become a listed company, banking on a strong equity market and overwhelming demand for the most recent Hong Kong IPO to provide a favourable backdrop.
Jingkelong, which operates hypermarkets, supermarkets and convenience stores in the Chinese capital, is looking to raise up to HK$594 million $76 million ahead of a listing on Hong KongÆs Growth Enterprise Market.
DBS Vickers Securities is the sole bookrunner...
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