Road King Infrastructure launched an initial public offering for its Chinese toll road assets on Thursday in the hope of unlocking value and maximizing investor interest in a number of China’s landmark infrastructure initiatives.
In addition to the wide-ranging Belt and Road project, the government announced plans for a major new environmentally friendly metropolis close to Beijing this April. Since then stocks tied to the development of the Xiongan New Area in Hebei have soared.
Hong Kong-listed Road King’s new toll road vehicle, RKE International, derived 48% of its Ebitda from the province in 2016 and non-syndicate analysts say it hopes to the ride on the tail...
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