Hui Xian IPO Said to Get Orders for All Shares on First Day

Billionaire Li Ka-shing’s real estate investment trust, which is seeking as much as 11.2 billion yuan ($1.7 billion) in an initial public offering, received orders for all shares offered yesterday, the day the sale began, people with knowledge of the transaction said.

Investors including New York-based Och-Ziff Capital Management Group LLC will buy units in Hui Xian REIT, which will close subscriptions on April 19, said the people, who declined to be identified because the information is private.