Shanghai Forte completes IPO

Almost one year after failing to list on the Hong Kong Stock Exchange, Shanghai Forte is able to ride on the back of strong market momentum.
February 01, 2004

Shanghai's largest private sector property developer Shanghai Forte priced its IPO on Friday via lead manager Morgan Stanley. The company offered 638.3 million shares at HK$2.35 each, the top end of a revised indicative range of HK$1.80 to HK$2.35 per share.

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