Hong Kong billionaire Li Ka-shing's Hui Xian real estate investment trust (REIT) said it plans to add more China-based properties to its current portfolio after its initial public offering (IPO). The REIT which launched its IPO on Monday will be the first yuan-denominated listing outside of China. It is expected to start trading on the Hong Kong Stock Exchange on April 29. Hui Xian REIT, part of Cheung...
Hui Xian REIT
Hong Kong tycoon Li Ka-shing's Beijing-focused real estate investment trust (REIT) plans to raise between 10 billion yuan (S$1.9 billion) and 12 billion yuan in an initial public offering (IPO) ahead of a Hong Kong listing on April 29, a person familiar with the situation said yesterday, in what will be the first yuan-denominated IPO outside mainland China. News of the listing of Hui Xian REIT, part of Mr...