Chinese real estate developer Zhongliang seeks $453m in HK IPO

Chinese real estate developer Zhongliang seeks $453m in HK IPO

Photographer: Justin Chin/Bloomberg

Shanghai-based real estate developer Zhongliang Holdings Group is raising up to HK$3.54 billion ($453 million) by selling 530 million shares in an initial public offering (IPO) in Hong Kong, according to its prospectus.