OneWo SpaceTech launched a $783 million Hong Kong IPO

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HONG KONG, September 19, 2011 (FBC) – China’s OneO space-tech utility has launched its biggest initial public offering (IPO) in Hong Kong in 2022, aiming to raise up to HK$6.15 billion ($783.54 million), according to regulatory filings.

The company, the property services division of developer China Vanke, is selling 116.74 million shares at a high price of HK$52.7 each.

China Vanke, the country’s second-biggest property developer by sales, owns 62.9% of Onewo, according to the company’s regulatory filings.

(This story adjusts Vanke’s ownership in the third paragraph from 57.1% to 62.9%.)

($1 = 7.8490 Hong Kong dollars)

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Reporting by Scott Murdoch; Editing by Muralikumar Anatharaman

Our standards: The Thomson Reuters Trust Principles.

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