Zhenro Properties rakes in $510m from Hong Kong IPO

China Property (resized 230)
By Jonathan Breen
10 Jan 2018

Chinese real estate developer Zhenro Properties Group has bagged HK$3.99bn ($510m) after pricing its IPO near the top of guidance, according to a source close to the deal.

The float comprised 1bn shares, which were on offer at HK$3.40 to HK$4.08, giving the issuer a possible take of HK$3.4bn-HK$4.08bn. There is also a greenshoe of 150m shares.

CCB International was sole sponsor and a joint global co-ordinator with Guotai Junan International. The pair were also ...

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