CHINA

摘要

The property management services unit of CHINA EVERGANDE GROUP has raised HK$23.5bn (US$3bn) from a pre-IPO investment which values it around US$10.8bn. Chan Hoi-wan, executive director of Hong Kong-listed Chinese Estates Holdings and wife of Joseph Lau Luen-hung, led the investment with the purchase of a 5.4% stake in the company for HK$4.5bn. Huatai International Greater Bay Area Investment and Sequoia Capital bought 4.8% and 4.1% stakes respectively. The other 11 investors include Tencent Holdings and the family of Cheng Kar-shun.