Chinese property trio build Hong Kong listings

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By Jonathan Breen
29 Jun 2020

Property managers Greentown Management Holdings and Zhenro Services Group launched bookbuilding on Monday for Hong Kong Stock Exchange IPOs.

Greentown Management is being spun off by real estate developer Greentown China Holdings. It is offering investors 477.6m shares at HK$2.20 to HK$3.00 apiece, making the IPO worth up to HK$1.43bn ($184.9m).

Additionally, Zhenro Services, an arm of Zhenro Group, is targeting between HK$900m and HK$1.18bn from its ...

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