China’s biggest developer may spin off its property management business

China Vanke, the country’s biggest developer by market capitalization, is considering an IPO. The company is weighing a Hong Kong listing of its property management business, Bloomberg reported. The firm has spoken with advisers about a share sale that could raise as much as $1 billion. The offering could happen next year. Vanke would join other Chinese developers — including Country Garden Holdings — in spinning off their management units. That business tends to face […]

from The Real Deal New York http://bit.ly/2UPT0dw

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