R&F Properties, Dalian Wanda seek Shanghai listings

Shanghai

TWO of China's biggest real estate firms are seeking approval to raise about 47 billion yuan (S$10.5 billion) in Shanghai listings, in the first batch of companies to start the listing process after an almost five-month hiatus.

China said earlier this month that it would resume initial public offerings (IPOs), which had been suspended since July as the authorities tried to stem a market crash.