Longfor to raise up to $916 mln in HK IPO -term sheet

HONG KONG, Nov 2 (Reuters) - Chinese property developer Longfor Properties Co plans to raise up to HK$7.1 billion (US$916 million) from a Hong Kong initial public offering, according to a term sheet obtained by Reuters on Monday.

The company is selling one billion new shares at a price range indicated between HK$6.06 and HK$7.10 per share, according to the term sheet.

Citigroup (C.N), Morgan Stanley (MS.N) and UBS (UBSN.VX) are handling the deal.

(US$1=HK$7.75)

(Reporting by Kennix Chim, Editing by Jonathan Hopfner)