regional-developer-takes-on-tough-ipo-market

Regional developer takes on tough IPO market

Central China Real Estate is being offered at a 35%-51% discount to NAV. The company is banking on its leading position in Henan province and its high-profile strategic investor to attract buyers.
Central China Real Estate has kicked off the institutional roadshow for what could become the first successful Hong Kong listing of a Chinese property company in more than six months. The company will be stressing its position as the leading residential developer in Henan, which is ChinaÆs most populous province and a laggard in terms of both urbanisation and property prices, as the key argument for why investors should include it in their portfolios.

Another positive should be the fact that SingaporeÆs leading developer, CapitaLand, has made two investments into Central China and holds just over 36% before the IPO. This should inspire confidence among other investors about the quality of the company...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222