China developer Changjia plans up to $600 mln HK IPO -sources

HONG KONG Jan 26 (Reuters) - Changjia Group, a Chinese developer with a focus on high-end residential projects in Shanghai, plans to raise between $500 million and $600 million via its Hong Kong listing in March, sources familiar with the situation said on Tuesday.

Changjia, headquartered in Shanghai, China's financial hub, has hired Swiss bank UBS (UBSN.VX) (UBS.N) and U.S. bank Citigroup Inc (C.N) to jointly handle its initial public offering of shares, said the sources.

The sources declined to be identified as they were not authorised to speak to the media. A representative for Changjia could not be immediately reached for comment.