Hui Xian sets listing date for $1.7 billion REIT IPO

04/11/2011 | Wall Street Journal, The

Hui Xian Real Estate Investment Trust has announced plans to raise $1.7 billion in a Hong Kong listing. It will be the first yuan-denominated IPO outside China's mainland. Plans call for Hui Xian to sell 2 billion units at 5.24 to 5.58 yuan each. That should yield 4% to 4.26%. The listing is set for April 29.

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Wall Street Journal, The

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