Hong Kong's first yuan-denominated property IPO is in the works

12/22/2010 | Wall Street Journal, The

The first yuan-denominated property IPO in Hong Kong is in the planning stages, according to sources. Billionaire businessman Li Ka-shing has hired Citic Securities International to prepare the REIT. It will be backed by a major property in Beijing. The proposed REIT will still need regulatory approval.

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