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Yuzhou P promotional pens roperties eyes US$285 mln from...
Yuzhou P promotional pens roperties eyes US$285 mln from HK IPO
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Yuzhou Properties eyes US$285 mln from HK IPOPublished: 14 Oct 2009 16:44:49 PST
promotional pens Shanghai rent apartment flexographic printing machine residual current device hydraulic winch watches uk Sac en jean steam pressure reducing valve bag making machine PHOENIX TERMINAL BLOCK energy saving lamp pvc windows sacs pas cher green laser pointer everbuying lithium battery stainless steel pipe fittings diesel generator multi foil insulation vetements en ligne
Yuzhou Properties eyes US$285 mln from HK IPOPublished: 14 Oct 2009 16:44:49 PST
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Oct. 15, 2009 (China Knowledge) - Fujian-based property developer Yuzhou Properties, which focuses on the residential market and has a diversified investment property portfolio, plans to raise up to US$285 million in a Hong Kong initial public offering, sources reported.
The property developer is selling 600 million shares, accounting for 25% of the firm's enlarged share capital, at prices ranging from HK$2.70 to HK$3.70 apiece.
Hui Wing Mau, chairman of Shimao Property Holdings Ltd<0813> has agreed to subscribe US$10 million of the new shares of Yuzhou Properties, while Xiamen C&D Real Estate Co will purchase US$20 million.
Yuzhou Properties has hired Morgan Stanley to handle the deal.
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