Realty firms ready to board IPO train
By Ou Lu | China Daily | Updated: 2009-08-11 07:57
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Investors at a brokerage in Haikou, Hainan province. Property shares have gained 142 percent this year. Shi Yan |
After China State Construction Engineering Corp, the nation's largest housing contractor, successfully raised 50.16 billion yuan in the world's biggest initial public offering (IPO) in 16 months, many Chinese real estate companies are trying to stick their hands in stock investors' pockets for money to expand business, or more specifically, to buy more land.
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