Second property developer to go public
24 August 2005
Agile Holdings is set to become the second mainland property developer to go public with an initial public offering of US$193 million planned before the end of the year, the South China Morning Post reported. The company's interests include property development, property management and hotel management, and it has seven residential projects in Zhongshan and four in Guangzhou. Agile will follow Guangzhou R&F Properties whose shares debuted poorly when it went public last month, the frosty reception blamed on poor market conditions and moves by Beijing to curb property prices.
