Five firms plan to raise US$613m in HK as investor sentiment picks up

At least five companies are poised to begin initial public offerings to raise more than a combined US$3.6 billion in Hong Kong this month as investor sentiment shows signs of improvement.

Mainland property firms CIFI and Future Land Development, local restaurant chain operator Tsui Wah, and bedding retailer Casablanca yesterday announced they will launch their offerings this month.

Between the four of them, the companies aim to raise a total of US$600 million.

via Business feed http://www.scmp.com/business/companies/article/1081184/five-firms-plan-raise-us613m-hk-investor-sentiment-picks