Agile unit plans to raise HK$4.7b in HK IPO

Hong Kong

CHINA property developer Agile Group Holdings is looking to list its property management unit on the mainboard in Hong Kong, raising up to HK$4.7 billion (S$786.59 million) to fund investments, acquisitions and upgrade operations.

The China-focused property management service provider plans to issue 333.33 million shares of A-Living Services, at a price ranging from HK$10.80 to HK$14.20 apiece, Agile said in a filing on Monday.