China Evergrande's property services unit seeks to raise up to $2b in IPO

China Evergrande's property services unit seeks to raise up to $2b in IPO

Reuters

China Evergrande Group said on Monday its property management unit is seeking to raise up to HK$15.8 billion ($2.04 billion) in an initial public offering (IPO), a plan likely to help improve cash flow at the debt-laden property developer.