|
HONG KONG, Nov 13 (AFP): The Hong Kong government said Sunday it will relaunch the world's largest property sale this week, nearly a year after it saw off a legal challenge that delayed the original plan.
The sale will see publicly-owned malls and car parks scattered throughout the city's public housing estates bundled into a trust and traded on the open market.
The Housing Authority, which owns the public housing assets, said it will raise up to 19.83 billion Hong Kong dollars (2.54 billion US) through the sale of 1.93 billion units of the so-called Link real estate investment trust (REIT) in a global initial public offering or IPO.
The international offering has been priced in a range of 9.70-10.30 Hong Kong dollars each unit, lower than the range of 10.51-10.83 dollars when the trust was first launched last year.
|