Jump to content

Glorious Property Holdings

From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Montie5 (talk | contribs) at 00:01, 20 September 2009. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Glorious Property Holdings Limited

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.

Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Glorious_Property_Holdings&oldid=315005851"