Jinmao Investments launches IPO

Sinochem spin-off hopes to overcome poor track record of Hong Kong-listed business trusts.

Jinmao Investments launches IPO

Roadshows began on Monday for a HK$3.2 billion to HK$3.39 billion US$414 million to US$437 million IPO by Jinmao Investments and Jinmao China Investments, a property related spin-off from the Sinochem Group.

The deal is one of three related deals in the market, which are all hoping to take advantage of a recent window of opportunity for yield-based equity plays.

Formal roadshows for a Singapore IPO by Fraser’s...

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