Glorious Property Holdings: Difference between revisions
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'''Glorious Property Holdings Limited''' |
'''Glorious Property Holdings Limited (恒盛地产)''' is a [[Shanghai]]-based [[property developer]], established in 1996. |
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==IPO== |
==IPO== |
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Glorious Property is seeking to sell 2.25 billion shares at a price range of four Hong Kong dollars to HK$5.30 (52 U.S. cents to 68 U.S. cents) each, translating to a forward price/book multiple of 9.5 to 12.4 times. The company also has an option to increase the deal size by 15% to raise a total of US$1.76 billion. Four cornerstone investors have already been guaranteed US$130 million worth of shares, including [[Sino-Ocean Land]] Holdings Ltd., [[Shanghai Industrial Holding]] Ltd., [[China Southern Fund Management]] Co. and a private company under Hong Kong conglomerate [[Nam Fung Group]]. |
Glorious Property is seeking to sell 2.25 billion shares at a price range of four Hong Kong dollars to HK$5.30 (52 U.S. cents to 68 U.S. cents) each, translating to a forward price/book multiple of 9.5 to 12.4 times. The company also has an option to increase the deal size by 15% to raise a total of US$1.76 billion. Four cornerstone investors have already been guaranteed US$130 million worth of shares, including [[Sino-Ocean Land]] Holdings Ltd., [[Shanghai Industrial Holding]] Ltd., [[China Southern Fund Management]] Co. and a private company under Hong Kong conglomerate [[Nam Fung Group]]. |
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==External links== |
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*[http://www.gloriousphl.com.cn/ Official website] |
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[[Category:Real estate companies of China]] |
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Revision as of 00:06, 20 September 2009
Glorious Property Holdings Limited (恒盛地产) is a Shanghai-based property developer, established in 1996.
IPO
In September 2009, it is seeking a Hong Kong Stock Exchange initial public offering of US$1.53 billion. Glorious Property is due to list on the Hong Kong stock exchange on October 2.
Glorious Property is seeking to sell 2.25 billion shares at a price range of four Hong Kong dollars to HK$5.30 (52 U.S. cents to 68 U.S. cents) each, translating to a forward price/book multiple of 9.5 to 12.4 times. The company also has an option to increase the deal size by 15% to raise a total of US$1.76 billion. Four cornerstone investors have already been guaranteed US$130 million worth of shares, including Sino-Ocean Land Holdings Ltd., Shanghai Industrial Holding Ltd., China Southern Fund Management Co. and a private company under Hong Kong conglomerate Nam Fung Group.