FACTBOX: Delayed Chinese property IPOs in Hong Kong

Mon Sep 8, 2008 4:31am EDT
 
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HONG KONG (Reuters) - As many as 30 Chinese property firms have delayed their plans for initial public offerings this year, knocked by a stock market slump and investor fears that government austerity measures are hitting home sales.

Following are some of the biggest developers who had planned to raise more than a combined $10 billion in Hong Kong listings.

COMPANY FUNDRAISING TARGET SPONSORS Evergrande

$2.1 billion Goldman Sachs Real

Estate, Credit

Suisse, Merrill Lynch Hengda Real Estate $1 bln-$2 billion Goldman Sachs,

Merrill Lynch,

Credit Suisse Exellence Group $1.5 billion UBS, Morgan Stanley Glorious Property $1 billion JPMorgan, Deutsche

Bank Longhu Real Estate $1 billion Morgan Stanley Star River Group

$800 mln-$1 billion UBS, BOCI,

Morgan Stanley Palm Spring Holdings $800 mln-$1 billion UBS ZOVY $600 million Morgan Stanley,

JP Morgan Jia Zhao Ye $400 mln-$500 million Credit Suisse, BOCI Fineland

$300 mln-$500 million JP Morgan Real

Estate, Morgan

Stanley Powerlong Real Estate $200-300 million Goldman Sachs Changsheng China $145 million BOCI, Cazenove

(US$1=HK$7.8)

(Reporting by Kennix Chim; Editing by Dominic Whiting and Anshuman Daga)

 

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