China’s Ming Yuan launches up to $800 mln Hong Kong IPO term sheet


Source: sharenet.co.za sharenet.co.za

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China's Ming Yuan launches up to $800 mln Hong Kong IPO - term sheet By Scott Murdoch HONG KONG, Sept 14 (Reuters) - Chinese property software company Ming Yuan Cloud on Monday launched an IPO in Hong Kong to raise as much as HK$6.17 billion ($798 million), a deal term sheet showed, as the city gears up for its second busiest week for equity offerings this year. The company will sell 374 million shares at a range of HK$15 to HK$16.50 each, which will value it between $3.62 billion and $3.98 billion. A virtual management roadshow will begin Monday, according...