Guorui Properties takes cover at the low end of guidance

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By Rev Hui
03 Jul 2014

China’s Guorui Properties raised HK$1.58bn ($200m) on June 27, pricing its IPO at the lower end of guidance.

The Guangdong-based firm launched a deal on June 23 to sell 662m primary shares at an indicative price range of HK$2.30-HK$2.84.

Books were covered before launch, thanks to bids from anchor investors plus three cornerstone investors — Beijing No 5 Construction Engineering Group, Best Class Industrial and Sino ...

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