Temasek's Kaisa Group Targets $300m HK Listing

JLM Pacific Epoch, 19 Aug 2009
Shenzhen-based real estate developer Kaisa Group Holdings has decided to re-launch a Hong Kong listing plan from the first quarter of 2008, and initially estimates that it may raise between $300 million and $500 million as early as this year, reports Sina. Kaisa recorded sales of RMB 2 billion on more than 250,000 square meters in Shenzhen in 2008, said the report.
Established in 1999, Kaisa develops more than 1 million square meters annually and has five projects for sale this year, said the report. Kaisa shareholders include Singapore's Temasek Holdings and the Carlyle Group, said the report.
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