14 Apr '11, 2pm

(TODAY) Hui Xian plans to add more China-based properties

SINGAPORE - Hong Kong billionaire Li Ka-shing's Hui Xian real estate investment trust (REIT) plans to add more China-based properties to its current portfolio after its initial public offering (IPO). Mr HL Lam, chairman, Hui Xian Asset Management, said; "It could be in Beijing, it could be in other cities in China. It could be a property which is similar to Oriental Plaza in order to generate synergy since Oriental Plaza is doing hotels, doing office leasing, doing shopping mall leasing, apartment leasing." The REIT, which launched its IPO on Monday, will be the first yuan-denominated listing outside mainland China. It is expected to start trading on the Hong Kong stock exchange on April 29. Hui Xian REIT, part of Cheung Kong Holdings, is seeking to raise as much as 11.2 billion yuan (S$2.1 billion) from its IPO. Its executives were in Singapore yesterday on a road show to...

Full article: http://www.todayonline.com/Business/EDC110414-0001664/Hui...

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