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Centurion prices Hong Kong IPO shares at HK$3.18; offer 4.1 times subscribed

Dwell College & Crown, a student accommodation asset managed by Centurion in the United States. The company will use HK$62.7 million of the proceeds to partly fund the A$45.5 million (S$46.2 million) development of a new student accommodation in Adelaide, Australia.


DORMITORY developer Centurion Corp has priced its secondary-listing offer in Hong Kong at HK$3.18 per share, near the mid-point of price talk of between HK$3 and HK$3.30.

The 36-million-share offering was 4.1 times subscribed, based on applications for 112.5 million...