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Article: JIN JIANG HOTELS EXPECTS TO LIST ON HK STOCK MARKET
- Article from:
- AsiaInfo Services
- Article date:
- September 8, 2006
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AsiaInfo Services
09-08-2006
Jin Jiang Hotels Expects to List on HK Stock Market
SHANGHAI, Sep 08, 2006 (SinoCast via COMTEX) -- Senior management of Jin Jiang International Hotel Management Co. said the company has come into cooling period before listing on Hong Kong stock market.
In a move to raise more capital, Jin Jiang Hotels will likely become the first pure hotel stock from mainland China to go public on Stock Exchange of Hong Kong, with assistance of UBS and BNP Paribas Peregine as major underwriter and sponsor, according to earlier reports.
The company is expected to gain USD 300 million capital from its initial public offering in Hong Kong, and two thirds of the fund will be poured ...