News Snapshot:
HONG KONG (Reuters) - Evergrande Property Services Group's Hong Kong IPO priced at the lower end of expectations to raise $1.8 billion, sources said, the tepid demand underscoring concerns about the financial health of its debt-laden parent. The offering comes after a run of setbacks for China Evergrande Group, the country's second-biggest and most indebted property developer with some $124 billion in borrowings as of June. These include a secondary share sale last month that raised only half its initial target and the dropping of a plan to inject most of its property assets into a Shenzhen company via a...
