SOHO China, a Beijing-based property developer, is progressing
smoothly with its planned listing in the Hong Kong stock market. A
hearing was held on September 6, with a public subscription
expected by the end of this month. The company anticipates raising
up to US$1 billion through its Hong Kong listing, a sharp rise from
the 3 billion yuan target (US$398.7 million) revealed in the first
half of this year.
Last month Peter Woo Kwong Ching, chairman
of the Hong Kong-headquartered investment company Wheelock and
Company Limited, reportedly promised to subscribe to shares worth
US$100 million. Robert Kuok, chairman of the Kerry Group, also
promised a subscription of the same amount of shares. Goldman Sachs
and HSBC Holdings are sponsors for the company's listing.
For more details, please read the full story in Chinese
(
http://www.dfdaily.com/node2/node27/node260/userobject1ai27695.shtml
).
(China.org.cn September 11, 2007)
