Reuters, 12 Nov 2009
HONG KONG, Nov 12 (Reuters) - Chinese property developer Longfor Properties Co raised $912 million, pricing its Hong Kong initial public offering at the top end of an indicated range on Thursday, according to two sources close to the deal.
The company has signed up five cornerstone investors, including Government of Singapore Investment Corp [GIC.UL], Temasek Holdings [TEM.UL], Hong Kong Land, China's Ping An Insurance (2318.HK) and Bank of China Group Investment Ltd, for a combined $197.5 million worth of shares.
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