CJ Land is set to sell one billion shares at a price between HK$3.20 and HK$4.80 (RM1.28 and RM1.92) per share. The offering size will increase to between US$474 million and US$711 million after a greenshoe option, the term sheet showed.
The issue will be priced on Nov 3 and trading of the shares is expected to begin on Nov 11.
Citigroup, BofA Merrill Lynch are joint sponsors of the issue. — Reuters