Singapore-listed Chinese property developer Pan Hong said yesterday the initial public offering (IPO) of its Jiangxi-based unit, Sino Harbour, in Hong Kong would raise HK$330 million (S$51.4 million), after the 300 million shares were priced at HK$1.10 each, the bottom end of the indicative range. Sino Harbour plans to fortify its position in various cities in China's Jiangxi province and expand the...
Pan Hong
Singapore-listed Chinese property developer Pan Hong said Thursday it will receive compensation for a delay in the handover of a land parcel that it bought. The firm said it will receive 4 million yuan (about S$846,000) from authorities in China's Fuzhou city due to the delay. Pan Hong had bought the rights to the Fuzhou site in 2007 at a cost of 200 million yuan. But an unspecified delay on the...
Singapore-listed Hong Kong-based property developer Pan Hong said on Thursday that it has acquired a land parcel in China's Huzhou city for S$46.7 million. The site will be used for the development of residential and commercial properties. Located in Zhejiang province, the 103,000sqm site is estimated to yield a total gross floor area of around 216,000sqm. Construction for the project is expected to...