China Merchants Reit pre-markets $400m HK IPO

China Property (resized 230)
By Jonathan Breen
14 Nov 2019

China Merchants Commercial Real Estate Investment Trust has kicked off a pre-deal investor roadshow for its Hong Kong SAR listing. It is set to break a six-year drought of Reit IPOs on the bourse.

Sole listing agent Citi began marketing the $300m to $400m flotation on Thursday in Hong Kong, after getting the nod from the stock exchange, said a source familiar with the matter.

“There has already been interest from hedge funds and a few Chinese investors,” said the source. ...

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