New Century Reit defies tough markets with IPO of up to $254 million

The Carlyle-backed hotel-focused trust is offering a yield above 9%. If successful, it will be the first Reit to list in Hong Kong in two years.

New Century Real Estate Investment Trust, a China-based hotel trust, kicked off the management roadshow and institutional bookbuilding yesterday for a Hong Kong initial public offering that is seeking to raise between HK$1.64 billion and HK$1.97 billion ($212 million to $254 million).

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media