Deals
China Merchants Shekou Plans $800 Million REIT IPO in Hong Kong
- It would be Hong Kong’s first REIT listing in five years
- Company has property projects in almost 60 cities in China
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China Merchants Shekou Industrial Zone Holdings Co. is planning an initial public offering of a real estate investment trust in Hong Kong, the city’s first REIT listing in five years, according to people with knowledge of the matter.
The company has engaged potential advisers for the share sale and aims for a listing as soon as this year, the people said, asking not to be identified because the information is private. The share sale could raise about $800 million, the people said.