Another property group has joined the bandwagon of listings on the Hong Kong capital markets. After a succession of property group IPOs by Evergrande, Glorious Property, Longfor and Powerlong, Mingfa Group has launched its US$284m IPO on the HKSE.

“The new IPOs highlight how Hong Kong is once again proving popular with Chinese companies seeking to raise funds,” said Julia Charlton, founder and partner of the boutique firm Charltons. “Taken together with the HKSE’s measures to become more attractive to international companies looking to list, it means more good news for local investors.”

Mingfa’s listing marks the third Chinese IPO transaction for the Charltons Hong Kong corporate finance team in less than three months. The firm also advised engineering group Greens Holdings on its US$53m listing in Hong Kong a week before the Mingfa listing.

Charltons was founded in 1998 and has offices in Beijing, Shanghai and Hong Kong. The firm was awarded “Boutique Firm of the Year” by ALB for six consecutive years from 2002.

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