Future Land Development
Pre-IPO research has once again been in the spotlight in two recent Hong Kong transactions. In both, the issuers were said to have been leaning on brokers to produce valuations that met their expectations.Monday, 3 December, 2012, 4:26am
Shares of bedding maker Casablanca and mainland property firm CIFI headed in opposite directions on their Hong Kong debut yesterday, indicating fresh investor appetite for the domestic consumer sector at the expense of bubbly real estate.24 Nov 2012 - 3:59am
Future Land Development, a property developer based in Jiangsu province, plans to raise up to HK$2.54 billion from an initial public offering (IPO) in Hong Kong, undaunted by the lukewarm capital market.
The company is offering 1.42 billion shares priced between HK$1.45 and HK$1.79 each. Final pricing is expected on November 28, with trading due to begin the next day.19 Nov 2012 - 4:13am
At least five companies are poised to begin initial public offerings to raise more than a combined US$3.6 billion in Hong Kong this month as investor sentiment shows signs of improvement.
Mainland property firms CIFI and Future Land Development, local restaurant chain operator Tsui Wah, and bedding retailer Casablanca yesterday announced they will launch their offerings this month.13 Nov 2012 - 5:01am