HONG KONG, Oct 28 - Beijing-based property company Longfor Properties Co Ltd, which aims to raise up to $1 billion from its Hong Kong public offering, has seized five cornerstone investors for a combined $300 million worth of shares, a source close to the deal said on Wednesday.
The cornerstone investors include the Government of Singapore Investment Corp [GIC.UL], Temasek [TEM.UL], Hong Kong Land and China's Ping An Insurance <2318.HK>, the source said.
The source has direct knowledge of the deal but was not authorised to speak publicly about the deal.
The company aims to raise between $800 million and $1 billion to finance and acquire property projects.
Longfor is expected to kick off its marketing roadshow on Nov. 2 and to price its shares on Nov. 11, with trading expected to begin on Nov. 19.