China Logistics Property launches up to $435 million HK IPO: IFR

By: | Updated: June 29, 2016 10:53 AM

China Logistics Property Holdings Co Ltd (CNLP), which is backed by private equity firms RRJ Capital and Carlyle Group, launched an initial public offering in Hong Kong worth up to $435 million, IFR reported on Wednesday.

chinaThe IPO consists of 1.04 billion shares with an indicative price range of HK.55 to HK.25 each, said IFR, a Thomson Reuters publication. (Reuters)

China Logistics Property Holdings Co Ltd (CNLP), which is backed by private equity firms RRJ Capital and Carlyle Group, launched an initial public offering in Hong Kong worth up to $435 million, IFR reported on Wednesday.

The IPO consists of 1.04 billion shares with an indicative price range of HK$2.55 to HK$3.25 each, said IFR, a Thomson Reuters publication.

CNLP did not immediately reply to a Reuters request for comment on the IPO terms.

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