Chinese property developer Jiayuan International is hoping that recent government initiatives to reignite the property market may give its Hong Kong initial public offering a boost.
The residential and commercial property developer launched the deal on Friday and is on track to become the first company to list in Hong Kong since Virscend Education went public on January 13. It is tentatively scheduled to list on March 8 under the current timetable.
CCB International is the sole sponsor of the IPO and a joint bookrunner with Haitong International.
Indicative terms include the sale of 450 million shares, or 25% of the company’s...
¬ Haymarket Media Limited. All rights reserved.
