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IPO

Developer China Vanke unit eyes Hong Kong's biggest 2022 IPO

Property services division Onewo Space-Tech Service set for $783 million offering

China Vanke's property services unit Onewo posted a 44.2% revenue increase, to 6.85 billion yuan, for the first quarter of 2022.   © Reuters

HONG KONG -- Onewo Space-Tech Service, the property services arm of developer China Vanke, is aiming to raise as much as 6.15 billion Hong Kong dollars ($783 million) in Hong Kong's biggest IPO this year, regulatory filings show.

The company is offering 116.74 million shares from HK$47.1 to HK$52.7 apiece, with the shares set to start trading on Sept. 29, according to a filing with the Hong Kong Stock Exchange on Monday.

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