HONG KONG—Hui Xian REIT, the Beijing-focused real estate investment trust controlled by Hong Kong tycoon Li Ka-Shing, plans to raise between 10 billion yuan and 12 billion yuan ($1.5 billion and $1.8 billion) from a Hong Kong listing on April 29, in what is set to be the first yuan-denominated initial public offering outside mainland China.
The news of the listing of the REIT, part of Mr. Li's flagship Cheung Kong Holdings Ltd., comes less than three weeks after he raised $5.4 billion from the listing in Singapore of Hutchison Port Holdings Trust, which owns deep-water ports in Hong Kong and China.
http://online.wsj.com
No comments:
Post a Comment