Chinese developer Vanke's unit looking to raise $733m in Hong Kong IPO

Chinese developer Vanke's unit looking to raise $733m in Hong Kong IPO

REUTERS/Bobby Yip

Developer China Vanke Co Ltd’s property services arm Onewo Inc is set to raise HK$5.75 billion ($733 million) after pricing its shares at HK$49.35 each in its Hong Kong IPO, according to two sources with direct knowledge of the matter.

The sources could not be named as the information was not yet made public. Onewo declined to comment.

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