News Snapshot:
- A + A HONG KONG (Nov 22): China Evergrande Group and its property management arm are seeking to raise as much as HK$15.8 billion in a Hong Kong initial public offering (IPO) of the unit, Evergrande Property Services Group Ltd said today. The sale of 1.62 billion shares comprises 50% new stock and 50% so-called sale shares, with the price range set at HK$8.50 to HK$9.75 apiece. The offering size could be increased as much as 15% to meet demand if an overallotment option is exercised. The Shenzhen-based company said it has secured 23 cornerstone investors who agreed to...
