Shenzhen-based property developer Excellence Real Estate plans to raise up to HK$7.8 billion from an initial public offering in Hong Kong, sources reported.According to insiders familiar with the situation, the company expects to issue 3 billion shares, or 25% of firm's enlarged share capital, at a price ranging from...
Taiwan-based Hon Hai Precision Industry Co, the biggest contract manufacturer of electronics in the world, is likely to ink an agreement with the Chengdu municipal government today to tap into the local real estate market, sources reported.Edmund Ding, spokesman of Hon Hai, confirmed that the firm has...
Milord Real Estate Development Group Co<000667> has signed a letter of intent with a local firm to jointly start construction on a mixed-use property project in Hanyang District, Wuhan, the capital of Hubei Province, sources reported.The land for the project has an area of 245,400 square meters and cost RMB...
China Real Estate Information Corp, the information and consulting services subsidiary of E-House China (Holdings) Ltd<EJ>, has applied to list in the U.S. on the Nasdaq Global Market exchange, sources reported.The company may sell up to $200 million of American depositary shares in its initial public...
CITIC Real Estate, which belongs to CITIC Group, is selling a property subsidiary based in Beijing and an RMB 1-billion debt for a total of RMB 1.31 billion, according to the China Beijing Equity Exchange.In 2008, the Beijing subsidiary suffered RMB 2.53 million in operating loss and RMB 190 million in net loss. The...
Fujian-based real estate developer Powerlong Real Estate Holdings<1238> announced that it will lower its IPO price range to between HK$2.75 and HK$3, from the previous HK$3.3 to HK$4.9. The decision was made out of concerns that investor enthusiasm for IPOs has faltered as four mainland Chinese...
Xinyuan Real Estate Co Ltd<XIN>, China's first U.S.-listed property firm, has acquired a piece of land in Zhengzhou, Henan Province for RMB 138 million, sources reported. The parcel covers a land area of 22,417 square meters and has a potential floor area of 78,000 sq m. On the site, the property developer,...
Powerlong Real Estate Holdings, a property developer based in Southeast China's Fujian Province, yesterday started the road show for its initial public offering on the Hong Kong Stock Exchange, which aims to raise up to HK$490 million, source reported.The company plans to sell RMB 1 billion shares, of...
By Zhao Qian Land and property developers have more access to capital by issuing bonds, stock offerings, and share selling, thanks to favorable government policies and a stable capital market. The China Securities Regulatory Commission (CSRC) permitted Beijing Vantone Real Estate to issue corpora...
Sunlight Real Estate Investment Trust<0435>, which is managed by Henderson Sunlight Asset Management Ltd, has announced that it reaped HK$471.7 million in turnover in the first half of this year, reflecting an increase of 9.4% from HK$431.3 million a year earlier, according to a statement filed with the...