Dafa nets $107m from HK float, Canaan in limbo

China Property (resized 230)
By John Loh
11 Oct 2018

Dafa Properties Group raised HK$840m ($107.2m) when it priced a Hong Kong IPO a few cents above the middle of the marketed range this week.

The Chinese real estate developer sold 200m shares at HK$4.20 each from a guidance range of HK$3.28 to HK$4.98 a share. CCB International was sole sponsor and global co-ordinator for the listing.

A pair of cornerstone investors bought around HK$157m of the listing ahead of bookbuilding. Everbright Xinglong Trust, ...

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