News Snapshot:
Evergrande Property Services Group Ltd has announced the details of its proposed listing on the Hong Kong stock exchange, with the public offering to take place from Monday to Thursday this week. The company, a property management services spin-off of mainland developer China Evergrande, plans to offer more than 1.62 billion shares in the price range of HK$8.50 to HK$9.75 ($1.10 to $1.26). A pricing at the high end of the range would make the IPO worth more than $2 billion. Assuming an offer price at the midpoint of HK$9.13 a share, Evergrande Property estimates the total proceeds at HK$14.8...
