Hengda listed in Hong Kong in November is expected to raise from 1000 to 1500 million U.S. dollars
December 31st, 2009 by admin
Transfer from: China News Net
Press 2, was informed that Hengda Real Estate was on Sept. 29 hearing by listing for an initial global road show in October, November officially listed on the HKEx. It is understood, Hengda Real Estate is expected to raise the funds from 1000 to 1500 million U.S. dollars (about 7.8 to 11.7 billion Hong Kong dollars).
Hengda is currently first in the land reserve real estate, information, as of the end of June, Hengda Group reserves of 46 million square meters of land, at the end of plans to achieve about 50 million square meters of land reserves. Currently, Hengda has become the capital cities of the country into the largest developer, the land located in Guangzhou, Tianjin and Chongqing in 24 major cities. From the sales perspective, Hengda Real Estate also performed well in the first half sales of 12.7 billion, the best record levels, Aug. 23 Hengda Chongqing, Baotou double-disc single-day sales total of over 900 million yuan, September 26, Hengda new site in Guangzhou Hengda country oasis, oasis Hengda Luoyang 1.4 billion total sales.
Apart from Hengda Real Estate, there are several other real estate enterprises in the Mainland recently listed in the Hong Kong stock sprint, such Baolong real estate (01238, HK), China South City (01668, HK) and the first real estate just landed in Hong Kong — Glorious Property shares. The stock listed on the first day yesterday, closing at 3.76 Hong Kong dollars, compared with 14.5% offering the lowest is only just recently listed on the fifth row below the IPO price of new shares. (Xinhua / Borrowing)
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