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COMMERCIAL PROPERTY | Staff Reporter, Hong Kong
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Agile's property management unit plans $4.7b Hong Kong IPO

Shares of A-Living Services Co Ltd will be priced at $10.80 to $14.20 apiece.

Reuters reports that A-Living Services Co Ltd, the property management unit of Chinese property developer Agile Group Holdings, plans to raise $4.7b in its Hong Kong IPO to fund investments and boost operations.

A total of 333.33 million shares of A-Living Services Co Ltd will be priced from $10.80 to HK$14.20 apiece which could put its valuation between $1.84b to $2.42b. 

HSBC and Huatai Financial are joint sponsors of the public offering. 

Here’s more from Reuters:
 

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