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.
There was an error in this gadget