GT Land plans US$500m IPO

Hong Kong

GT LAND Holdings, a commercial developer in southern China, plans to seek about US$500 million from an initial public offering in Hong Kong, people with knowledge of the matter said.

The company, based in the provincial capital of Guangzhou, aims to complete the sale as early as this year, according to the people. It has yet to file a listing application with the Hong Kong stock exchange, they said, asking not to be identified because the information is private.