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Real Estate Briefing - Categorized | IPOs/Stock Market, REITs more

Hui Xian REIT seeks $1.7 bln in IPO

Posted on 11 April 2011

Hui Xian Real Estate Investment Trust, the Beijing-focused real-estate investment trust controlled by Hong Kong tycoon Li Ka-Shing, plans to raise up to 11.2 billion yuan ($1.7 billion) from its Hong Kong listing, in what is set to be the first yuan-denominated initial public offering outside mainland China.
The listing plan of Hui Xian REIT, part of Mr. Li’s flagship Cheung Kong Holdings Ltd., comes less than a month after the Hong Kong tycoon raised US$5.4 billion from a Singapore listing of Hutchison Port Holdings Trust, which owns deep-water ports in Hong Kong and China……………………………………….Full Article: Source


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