CKH eyes $1.5bn from first Hong Kong renminbi IPO
Cheung Kong Holdings’ new real estate investment trust could raise around $1.5bn from the first Hong Kong renminbi IPO, likely to be sold in the second quarter of 2011. But bankers fear there is not enough offshore renminbi liquidity to help issuers from other sectors sell deals of a similar size — and there are still big question marks over how far the market can develop.
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