China Vanke spin-off seeks $780mn in Hong Kong’s biggest IPO this year
万科子公司上市将成香港今年最大IPO
China Vanke plans to raise up to $784mn in Hong Kong from the spin-off of its property management unit, which is set to test global investor appetite for real estate-related listings after a string of high-profile defaults in the sector this year.Onewo, a subsidiary of Vanke, said it would raise up to HK$6.2bn ($784mn) from an initial public offering of about 117mn shares priced at a range of HK$47.10 to HK$52.70 each, according to a filing with the Hong Kong exchange.
万科(China Vanke)计划分拆其物业管理子公司在香港上市，筹集至多7.84亿美元。在今年中国房地产行业发生了一连串轰动性的违约后，这宗上市将测试全球投资者对中国房地产领域相关新股的兴趣。
The decision to list Onewo comes as Chinese authorities step up measures to support the country’s beleaguered property sector, which accounts for about a third of total economic output, as growth in the world’s second-largest economy slows.
万物云空间科技服务股份有限公司（Onewo，简称“万物云”）是万科旗下子公司，根据提交香港交易所的材料，万物云表示将进行首次公开发行(IPO)，拟发售约1.17亿股股票，每股发售价为47.1港元-52.7港元，预计筹集不超过62亿港元（合7.84亿美元）。
Demand for housing in China has crumbled after a series of defaults by developers stoked a crisis of confidence among homebuyers. Last week, state banks cut deposit rates for the first time since 2015 in a bid to boost flagging growth.
万科决定将万物云上市之际，随着世界第二大经济体放缓增长，中国当局正加紧采取举措支持陷入困境的国内房地产行业。该行业约占中国经济总产出的三分之一。
