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HONGKONG
RTR1B657
November 17, 2005
A bank employee puts the application form for Link REIT offering into the collection box in Hong Kong...
Hong Kong, China
A bank employee puts the application form for Link REIT offering into the collection box in Hong Kong...
A bank employee puts the application form for Link REIT offering into the collection box in Hong Kong November 17,2005, the last day of the retail portion of the IPO. Hong Kong's Housing Authority, hoping to raise HK$22 billion ($2.8 billion) in the IPO, has earmarked 30 percent, or 577.75 million units for retail investors. The ratio will go up to at least 50 percent if the portion is 25 times subscribed. The offering, the world's largest IPO by a property trust, had attracted a record HK$280 billion ($36 billion) in orders from Hong Kong residents before it was shelved in the face of a legal challenge from a pensioner last year. REUTERS/Paul Yeung
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