Property firm Longfor eyes $1 bln HK IPO-paper

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HONG KONG, June 16 (Reuters) - Property developer Longfor Properties aims to kick off a management roadshow in July to market a $1 billion initial public offering in Hong Kong despite recent market weakness, a local newspaper reported on Monday.

Citi (C.N) and Morgan Stanley (MS.N) are the joint global coordinators of the offering and the Chongqing-based developer has also appointed Merrill Lynch MER.N and UBS to help market and distribute the issue, the South China Morning Post said, citing sources.

Longfor, a high-end residential and commercial property developer, has expanded its footprint from its home base to first-tier cities such as Beijing, Shanghai and Xian, with revenue reaching 10 billion yuan ($1.45 billion) last year, the paper said.

It gave no further listing details. (Reporting by Donny Kwok; editing by Jonathan Hopfner)