Country Garden brings largest HK IPO by a Chinese developer

Hong Kong tycoons flock to the Guangdong-based residential developer which stands out because of its quick asset turnover and affordable prices.

Guangdong-based real estate developer Country Garden is currently pre-marketing what looks set to become the largest initial public offering in Hong Kong this year. At the talked-about deal size it would be more than three times China Agri-IndustriesÆ $410 million offering that tops the 2007 list so far.

It will also be the largest IPO by a Mainland property company ever, exceeding Shui On LandÆs $877 million deal post-shoe in September last year. Being only the second Chinese real estate...

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