Onewo Space-Tech launches $783 mln Hong Kong IP0

Huitongda Network

19/09/2022 24:17

HONG KONG, Sept 19 (Reuters) - China's Onewo Space-Tech
Service has launched Hong Kong's largest initial public offering
(IPO) in 2022 as it aims to raise up to HK$6.15 billion ($783.54
million), according to its regulatory filings.
    The company, the property services division of developer
China Vanke  2202.HK , is selling 116.74 million shares at a
maximum price of HK$52.7 each.
    China Vanke, which is the country's second largest property
developer by sales, owns 57.1% of Onewo, the company's
regulatory filings show.
($1 = 7.8490 Hong Kong dollars)

 (Reporting by Scott Murdoch; Editing by Muralikumar
Anantharaman)
 ((Scott.Murdoch@thomsonreuters.com;))