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Longfor Properties Targets HK$7.1b IPO
Chongqing-based real estate developer Longfor Properties will offer 1 billion shares at a price of HK$6.06-7.1 per share in its initial public offering (IPO), guandian.cn reports. Longfor, which started its IPO road show on November 2, will take subscriptions between November 6 and 11, and will list on November 19, the report said.
The company has five cornerstone investors for its IPO, according to the report including
Hongkong Land Holdings (H78.SGX), Government of Singapore Investment Corp and Temasek, as well as the previously reported Ping An Insurance (Group) (2318.HK, 601318.SH).
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