Investors flock to Country Garden

PUBLISHED : Wednesday, 04 April, 2007, 12:00am
UPDATED : Wednesday, 04 April, 2007, 12:00am

Retail investors rushed to place orders for shares of Country Garden Holdings when its initial public offering opened for subscription yesterday, lured by a recommendation by property tycoon Lee Shau-kee. Six major securities brokerage firms received about HK$42 billion in margin orders, amounting to about 33 times the amount of shares available in the retail tranche.