News Snapshot:
By P.R. Venkat A unit of China Evergrande Group is planning to raise up to 15.81 billion Hong Kong dollars ($2.04 billion) through an initial public offering in Hong Kong, the latest Chinese firm to tap the city's hot equities-fund raising market. Evergrande Property Services Group aims to sell a total of 1.62 billion shares in a price range of HK$8.40-HK$9.75 per share, China Evergrande said Monday. The company expects to finalize the IPO price on Nov. 26 and the shares to start trading on Dec. 2. UBS and Huatai International are among the banks that are advising on the...
