Excellence Commercial builds demand for HK IPO

China_property_Adobe_25July
By Jonathan Breen
06 Oct 2020

Excellence Commercial Property and Facilities Management Group has hit the road with its IPO in Hong Kong. It is looking to raise up to HK$3.2bn ($413.4m).

The issuer is the property management affiliate of Shenzhen-based developer Excellence Real Estate Group, a private company. It kicked off bookbuilding for its IPO on Tuesday, after a week of pre-marketing.

“There was extremely strong interest from big names including international long-only funds, hedge funds, wealth management firms ...

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