Property News · October 30, 2020

Mainland developer Sunac China’s property management arm seeks at least US$1 billion in Hong Kong IPO, say sources


Sunac Services Holdings, the property management arm of the mainland’s fourth-largest developer Sunac China Holdings, is looking to raise at least US$1 billion in a Hong Kong listing, joining a slew of companies who have launched IPOs recently, according to people familiar with the transaction.The company has already started pre-marketing activities to potential institutional investors, with plans to use the initial public offering proceeds to fund expansion and acquisitions, these people said…

Source : South China Morning Post
Read more…Mainland developer Sunac China’s property management arm seeks at least US billion in Hong Kong IPO, say sources

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