GC
Evergrande Property Services launches HK$16bn IPO
China's Evergrande Property Services Group has kicked off its IPO, aiming to raise up to HK$15.8bn ($2bn) with strong support from friends-and-family investors.
The company is the property management arm of Chinese real estate giant Evergrande Group, one of China’s largest but also most debt-laden developers. The parent has been under pressure from creditors and regulators to reduce its debt.
But Evergrande Group’s vast business has set a strong base for ...Already a subscriber? Login
