Jinke Properties unit gears up for US$500m HK IPO

Hong Kong

SHENZHEN-listed Jinke Properties Group has picked banks for the Hong Kong initial public offering (IPO) of its property management unit, which could raise at least US$500 million, according to people familiar with the matter.

The developer has selected CLSA and Huatai International Financial Holdings to work on the unit's listing plans, said the people, who asked not to be identified as the discussions are private.