China's Evergrande up 14.3 pct ahead of HK debut

HONG KONG, Nov 5 (Reuters) - Shares of Chinese property firm Evergrande Real Estate Group Limited (3333.HK) were indicated 14.3 percent higher ahead of their $729 million Hong Kong trading debut on Thursday.

The Guangzhou-based property developer saw its opening share price set at HK$4.0, compared with a Hong Kong IPO price of HK$3.50 each, which had been at the mid-point of an indicated range.

BofA-Merrill Lynch and Goldman Sachs (GS.N) are joint sponsors of the deal, and they together with Credit Suisse (CSGN.VX) and BOC International are joint global coordinators and joint bookrunners.

Several recent mainland property IPOs have met with cool response as the broader market comes off its highs and investors weigh a flood of similar offerings.

(US$1=HK$7.75) (Reporting by Kennix Chim, Editing by Jacqueline Wong)