Great Ea grid-connected inverter gle's Lo Family buys into Glorious Property: report
grid-connected inverter replica jeans screw barrel chaussure mode wind turbine generator T type strainer tablecloth hss saw blade counterfeit detector beijing massage Warning tape Pittsburgh Steelers jerseys steam trap china solar inverter crowd control barrier hydraulic press brake fashion wedding dress chemisier à jabot forged valve idler pulley
Great Eagle's Lo Family buys into Glorious Property: reportPublished: 17 Sep 2009 23:49:00 PST

Top 5 News From ChinaKnowledge.comChina may launch 1st REIT by end-2009PetroChina to triple gas output of Daqing Oilfield by 2020Hang Lung Property chairman says Singapore casinos will failChina Coal Energy's output up 13 % in AugSunten, Areva T&D approved to set up JV in China Sep. 18, 2009 (China Knowledge) - The Lo family, which controls Great Eagle Holdings Ltd<0041>, one of the leading property and hotel companies in Hong Kong, has bought into Shanghai-based real estate company Glorious Property Holdings, which will launch its initial public offering in Hong Kong on Monday, sources reported.

Great Eagle could not be reached for comment on the deal.

Glorious Property plans to raise between RMB 10.1 billion and RMB 11.7 billion through the IPO. Ping An Insurance (Group) Co<601318><2318> has invested US$30 million and Bank of East Asia<0023> has invested US$50 million.

Shanghai Industrial Holdings Ltd<0363>, Sino-Ocean Land Holdings Ltd<3377>, NanFung Property and qualified domestic institutional investors in the China Southern Fund, which have subscribed US$130 million altogether, are the cornerstone investors for the IPO.

Glorious Property will list on the Hong Kong Stock Exchange on Oct. 2, 2009, following a share offer running from Sep. 21 to Sep. 24. UBS AG, JPMorgan Chase and Deutsche Bank are the underwriters for the issuance.

Shares of Great Eagle surged 6.9% to close at HK$19.26 yesterday.


Copyright © 2009 www.chinaknowledge.com乳化机 lithium polymer 木托盘 搅拌机 ペニーオークション 競馬新聞 联轴器