By P.R. Venkat
China Resources Mixc Lifestyle Services Ltd. is seeking to raise up to 12.27 billion Hong Kong dollars (US$1.58 billion) through an initial public offering in Hong Kong.
The company is planning to sell 550 million shares and has set a price guidance of HK$18.60-HK$22.30 per share, China Resources Mixc said Wednesday.
The China based property management and commercial operational service provider expects to finalize the IPO price of December 1 with an aim to see its shares trading on the Hong Kong bourse from December 9.
China Resources Mixc will use part of the IPO proceeds toward expanding business including potential mergers and acquisitions.
Goldman Sachs, Citigroup and CCB international are among the banks advising China Resources Mixc on the offering.
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(END) Dow Jones Newswires