JPMorgan Says HK Property Market Has Pool of Undervalued Assets bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
The oversupply underscores an unprecedented challenge to property developers as they grapple with an expat exodus and some of the world’s harshest border controls to curb the virus.
Warburg-backed ARA Asset Management weighs $1b dual listing
Suntec Singapore photo from ARA Asset Management s website.
February 26, 2021
ARA Asset Management Ltd., a real estate investment firm backed by Warburg Pincus LLC, is weighing a dual listing plan that could raise at least $1 billion as soon as this year, according to people with knowledge of the matter.
The firm, which also counts Hong Kong billionaire Li Ka-shing as an investor, is working with advisers on a plan to list in Hong Kong and Singapore, said the people, who asked not to be identified as the information is private. The asset manager is leaning toward a Hong Kong offering before a share sale in Singapore, they said.