GIC is a Cornerstone in Ming Yuan Cloud Group Holdings

Posted on 09/14/2020


Ming Yuan Cloud Group Holdings Ltd. is a China-based provider of software aimed at real estate property developers. Ming Yuan Cloud Group Holdings seeks to raise US$ 797 million in an initial public offering in Hong Kong. Ming Yuan Cloud Group Holdings has operations in Beijing and Shanghai.

Ming Yuan Cloud Group Holdings seeks to sell each share at HK$ 15.00 to HK$ 16.50. Shares seek to trade on the Hong Kong exchange from September 25, 2020.

Six cornerstone investors have committed to subscribe to US$ 276 million in shares. This investors include Singapore’s GIC Private Limited, BlackRock Inc., and Fidelity International Ltd.

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