• Most Popular
  • Most Shared

FACTBOX: Delayed Chinese property IPOs in Hong Kong

HONG KONG
Mon Sep 8, 2008 4:31am EDT

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.

China

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)
China


More from Reuters

No deaths in Jamaica American Airlines accident

MIAMI (Reuters) - An American Airlines Boeing 737 overshot the runway while landing in driving rain at the international airport in Kingston, Jamaica on Tuesday night, but the company said there were no fatalities or serious injuries.

» More Top News
Malaysians participate in computer attack and defence hacking competition during The 3rd Annual Hack-In-The-Box Security Conference 2004 in Kuala Lumpur on October 6, 2004. REUTERS/Bazuki Muhammad
Commentary:

Year of the breach

Data security breaches are nasty business and should be avoided at all costs, writes Kevin Prince, a chief technology officer at Perimeter e-Security. Here's a look at the biggest breaches and blunders of 2009.  Commentary 

Technology
A condominium under construction is seen in Miami, Florida October 15, 2007. REUTERS/Carlos Barria

Booming in the bust

For most Americans, the housing market collapsed about four years ago. For three real estate heavyweights, it's just getting started.  Full Article 

Housing Market