E-house plans US$200m listing
13 March 2007
China Renaissance Capital Investment, which owns a 20% stake in Shanghai-based property broker E-House, plans to raise about US$200 million on the New York Stock Exchange, the South China Morning Post reported. China Renaissance owner and former CNOOC chief financial officer, Mark Qiu, has hired Credit Suisse and Merrill Lynch to arrange the offering, which will come as early as July. The company plans to file documents with the US Securities and Exchange Commission to start the listing process later this month. E-House, a subsidiary of Shanghai Real Estate Consultant & Sales, focuses on high-end residential and commercial developments.