Zhenro Properties targets $500m HK listing

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Zhenro Properties targets $500m HK listing

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Potential home buyers look at models of a residential apartment project during a real estate fair in Beijing, China, Thursday, April 5, 2012. (AP Photo/ Vincent Thian) | Vincent Thian/AP/Press Association Images

Chinese real estate developer Zhenro Properties Group has filed a draft prospectus with the Hong Kong Stock Exchange for an IPO that could raise up to $500m, according to a source familiar with the matter.

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