aoyuan-sets-challenge-with-attractive-valuation

Aoyuan sets challenge with attractive valuation

The Guangdong-based real estate developer is seeking to raise up to $467 million and has set a challenge for other larger IPO candidates with its attractive valuation.

By Anette Jönsson

September 17, 2007

It may not be as big as the other two property plays currently seeking a listing in Hong Kong, but with an attractive valuation China Aoyuan Property Group is putting up a worthy fight for investorsÆ attention. The Guangdong-based residential real estate developer, whose Chinese name means Olympic Gardens, kicks off its institutional roadshow today with the aim of raising up to HK$3.64 billion $467 million.

According to sources, Aoyuan will be offering its shares at a sizeable discount to both Sino-Ocean Land Holdings and Soho China the other two listing candidates, which could be exactly what is needed to get people to take a look at the deal in the first...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222