HONG KONG: Chinese property developer CJ Land Holdings is set to raise up to US$619 million (RM1.92 billion) in an initial public offering (IPO) in Hong Kong, according to a term sheet obtained by Reuters on Monday, Oct 25.
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
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
SHARE
TOP PICKS BY EDGEPROP
SALE
FEATURED
Laman Delfina @ Nilai Impian
Nilai, Negeri Sembilan
RM 590,000
4 beds |
3 bath |
2000 sqft
SALE
FEATURED
Taman Tun Dr Ismail (TTDI)
Taman Tun Dr Ismail, Kuala Lumpur
RM 5,500,000
5 beds |
4 bath |
3000 sqft
RENT
FEATURED
Oxford Residences @ Pavilion Embassy
Keramat, Kuala Lumpur
RM 8,500
2 beds |
3 bath |
1681 sqft
RENT
FEATURED
Oxford Residences @ Pavilion Embassy
Keramat, Kuala Lumpur
RM 8,400
3 beds |
4 bath |
1674 sqft
SALE
FEATURED
Kawasan Perindustrian Balakong
Balakong, Selangor
RM 7,000,000
- beds |
- bath |
10000 sqft
SALE
FEATURED
Vista Alam Serviced Apartment
Shah Alam, Selangor
RM 360,000
2 beds |
2 bath |
760 sqft
SALE
FEATURED
Residency Aurora @ Selangor Cyber Valley
Cyberjaya, Selangor
RM 880,000
5 beds |
5 bath |
2550 sqft