Hong Kong set for more mainland listings

HONG KONG: At least eight more mainland companies have mapped out Hong Kong listing plans to raise as much as $3.05 billion this year, hoping to be invigorated by the vibrant fund market.

The eight firms are from sectors including property development, auto accessories, beverages and retail. They are seeking funds to fuel capacity development and business expansion.

SOHO China, the country's leading real estate developer, plans to raise HK$3.12 billion in an initial public offering in Hong Kong scheduled for June and sponsored by seasoned underwriters Goldman Sachs and HSBC Holdings.