Jinmao Investments launches IPO

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

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.

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