China developer Fantasia eyes $500 mln HK IPOs- sources

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HONG KONG, April 15 (Reuters) - Chinese property firm Fantasia Group (China) Co Ltd plans to raise about $500 million in a Hong Kong initial public offering in the third quarter, sources close the deal said on Tuesday, amid Beijing's clampdown on bank lending to the real estate sector.

The Shenzhen-based developer focuses on residential and office buildings, and has about 2 billion yuan (US$286 million) in assets, its company Web site said.

Goldman Sachs (GS.N: Quote, Profile, Research, Stock Buzz) is the sponsor of Fantasia's deal.

(US$1=HK$7.8=6.9925 yuan)

(Reporting by Kennix Chim; Editing by Anne Marie Roantree)