Arab Today, arab today wanda commercial plans 38bn hong kong ipo
Last Updated : GMT 02:29:30
Arab Today, arab today
Arab Today, arab today

Wanda Commercial plans $3.8bn Hong Kong IPO

Arab Today, arab today

Arab Today, arab today Wanda Commercial plans $3.8bn Hong Kong IPO

Dalian Wanda Commercial Properties Co.
Hong Kong - AFP

Dalian Wanda Commercial Properties Co., controlled by Chinese billionaire Wang Jianlin, plans to raise up to $3.8 billion in what would be Hong Kong's biggest listing this year, financial media reported Monday.
The Chinese shopping mall developer plans to sell 600 million shares for between HK$41.80 to HK$49.60 (US$5.39 to $6.40) each, Dow Jones Newswires reported, citing a person familiar with the matter.
That would put the company's valuation at between HK$161 billion and HK$191.5 billion, or US$20.8 billion to $24.7 billion.
The initial public offering comes at a difficult time for China's property market, where prices have been falling for months and construction rates have been slowing.
But the IPO, which is expected to launch by December 23, has already drawn $1.99 billion of commitments from cornerstone investors including Kuwait's sovereign wealth fund, Bloomberg reported.
Cornerstone investors will account for at least 52 percent of the listing, the agency said, citing a term sheet.
Wanda Commercial could not immediately be reached for comment.
The company is reportedly the world's second-largest developer of shopping malls, owning dozens across China. It is the flagship of Dalian Wanda Group Co. whose secretive billionaire owner, Wang, is worth an estimated $15 billion.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today wanda commercial plans 38bn hong kong ipo Arab Today, arab today wanda commercial plans 38bn hong kong ipo

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today wanda commercial plans 38bn hong kong ipo Arab Today, arab today wanda commercial plans 38bn hong kong ipo

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 08:23 2017 Saturday ,24 June

Actress Feryal Yussef received new drama offers

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday