Chuanhua run Land divestment raises US $1 billion and is expected to be listed within this year.

Published: Sep 2, 2020 08:20

Source: Viewpoint real estate network

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SMM Network News: September 1, on the China Resources Land split property Management Company "China Resources Vientiane Life" listed with the latest news.

Point of view real estate new media understanding, according to IFR quoted market sources reported that the China Resources Vientiane Life listing plans to raise about US $1 billion, about 7.8 billion Hong Kong dollars.

The launch date is expected to be within this year, that is, 2020. The co-sponsors of the listing are Jianyin International, CICC, Citigroup and Goldman Sachs.

Data show that China Resources Vientiane submitted its prospectus to the Hong Kong Stock Exchange on August 31 yesterday.

According to the prospectus, as of June 30 this year, the residential and commercial property construction area of the company providing property management services is about 107 million square meters, and the construction area of the shopping mall providing commercial operation services is about 5.6 million square meters.

In terms of financial data, China Resources Vientiane has a living income of 2.641 billion yuan in 2019 and 3.134 billion yuan in the first half of this year.

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