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PR Newswire
04-12-2013, 02:59 PM
Well, one type of property asset classes, is cemetery. May be interesting to take a look at prospectus, once available...
HK's next hot IPO banks on China funeral growth
HONG KONG] When it comes to making a killing on the Hong Kong IPO market, buying into a cemetery custodian is not the first strategy which springs to mind.
But in China where tending to the dead can involve vast sums of money depending on the family's circumstances and appetite for pomp, one such share sale has piqued the interest of investors big and small.
According to a term sheet seen by Reuters, Fu Shou Yuan International Group Ltd is seeking to raise about US$200 million through a listing in Hong Kong as the Shanghai-based death care company builds more cemeteries in an economy with a rapidly greying population.
The initial public offering is a chance for investors to bet on a rise in the value of graves and in revenue from funerals and burials, in a country where average income per person in urban areas has soared in recent years.
Fu Shou Yuan estimates that 180 million of China's 1.4 billion people are over the age of 60, rising to 200 million in two years' time, said a person familiar with the IPO who declined to be identified because details are not yet public.- Reuters
Source: Business Times Breaking News
HK's next hot IPO banks on China funeral growth
HONG KONG] When it comes to making a killing on the Hong Kong IPO market, buying into a cemetery custodian is not the first strategy which springs to mind.
But in China where tending to the dead can involve vast sums of money depending on the family's circumstances and appetite for pomp, one such share sale has piqued the interest of investors big and small.
According to a term sheet seen by Reuters, Fu Shou Yuan International Group Ltd is seeking to raise about US$200 million through a listing in Hong Kong as the Shanghai-based death care company builds more cemeteries in an economy with a rapidly greying population.
The initial public offering is a chance for investors to bet on a rise in the value of graves and in revenue from funerals and burials, in a country where average income per person in urban areas has soared in recent years.
Fu Shou Yuan estimates that 180 million of China's 1.4 billion people are over the age of 60, rising to 200 million in two years' time, said a person familiar with the IPO who declined to be identified because details are not yet public.- Reuters
Source: Business Times Breaking News
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡