[photopress:zhejiang1.jpg,full,alignright]According to the South China Morning Post, Zhong’An Real Estate Holdings, a real estate developer based in Zhejiang province, plans to raise RMB3.9 billion through an initial public offering in Hong Kong in September or October. (Our illustration is one of the beautiful parts of Zhejiang province.)
The company has already filed an application for a public offering with the Hong Kong stock exchange.
A list of the top 100 Chinese real estate developers was released in Beijing earlier this year by the China Real Estate TOP 10 Research Team. Originally composed of the Enterprise Research Institute of Development Research Center of the State Council of China, the Institute of Real Estate Studies of Tsinghua University and the China Index Academy, the research team was joined in November 2006 by the China Real Estate Association.
Zhong’An Real Estate Holdings was listed among the top 100 and also got a special mention for exemplary competitiveness in the real estate business involving development integration, design, construction, marketing and property management.