First Rmb-denominated REIT lists in Hong Kong

    May 13, 2011 | BY

    Candice Mak

    In the first renminbi (Rmb)-denominated initial public offering (IPO) outside mainland China, Hui Xian Real Estate Investment Trust (Hui Xian REIT) has…

    In the first renminbi (Rmb)-denominated initial public offering (IPO) outside mainland China, Hui Xian Real Estate Investment Trust (Hui Xian REIT) has listed on the Hong Kong Stock Exchange. It raised Rmb 10.48 billion (US$1.61 billion).

    The issuer is a unit of the Cheung Kong Group and it focuses on commercial properties in Beijing.

    The underwriters were Citic Securities International, HSBC and BOC International.

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