To obtain orders for all shares on the first day, said hui Xian IPO

April 11, 2011, 10: 09 pm EDT by Zijing Wu and Fox Hu

(Updates with comment from Manager of funds in the fourth paragraph).

April 12 (Bloomberg) - billionaire Li Ka-shing of the real estate investment trust, seeking as much as 11.2 billion yuan ($1.7 billion) in a public offering original, received orders for all offered shares yesterday, the day that the sale has begunsaid two people with knowledge of the operation.Managers for the first Chinese IPO denominated in foreign currency outside the continent can stop taking orders for the sale, on 19 April said one of the people, who refused to be identified because the information is private. Hui Xian Real Estate Investment Trust offers 2 billion units in a price range of yuan 5.24 to 5.58 yuan in deposits of yuan swelling Kong.Hong Hong Kong allowed Hui Xian to deliver a return that is lower than that of other publicly traded REITs in the city. "Hui Xian investors receive a performance measure of 4.26%, seven times more high on a one-year deposit less HK$ 500,000 ($64,300) to HSBC Holdings Plc." while the price seems a bit tight to other REITs listed in Hong Kong, perhaps retail investors still enthusiastic about it, in the light of the much lower rates on time deposits RMB in Hong Kong, "said Binay Chandgothia, a portfolio manager at Principal Global Investors, which oversees more than 200 billion dollars of assets on a global scale.The Chinese currency is also known as the Renminbi, or RMB.The introduction in stock market forecasts of performance to investors is 4 to 4.26% annualized for the period from April 29 to June 30, said the statement. Most of the listed Hong Kong real estate investment trusts give 5 to 6%, according to Jonas Kan, responsible for the research of Hong Kong to Daiwa Securities Capital Markets.Broader RangeHui Xian IPO can pave the way for developers to make similar offers as Hong Kong exchanges & Clearing Ltd. seeks to expand its range of products to support competition in the region. The sale offers investors in Hong Kong, a way of betting on the appreciation of the Chinese currency getting higher performance than deposits denominated in yuan city, which reached a record of 52 billion in February.BOC International Holdings Ltd.securities, Citic and HSBC Holdings Plc manage the sale, which began yesterday. The offer is supported by the properties of the Oriental Plaza covering 100,000 square meters (1.1 million square feet) along the Central Plaza Beijing.Oriental Changan Avenue consists of eight high-end office towers, a shopping centrea Grand Hyatt Hotel and apartments, according to its Web site. Cheung Kong Holdings Ltd., controlled by Li, Hong Kong developer owns 33.4% of Oriental Plaza, while only affiliate Hutchison Whampoa Ltd. has 18 per cent, according to the annual report 2009 of the companies.Winnie Cheong, a spokesman for Cheung Kong Hong Kong, did not immediately respond to telephone calls seeking comment.Companies Baar, Switzerland-Basic-based Glencore International AG to Prada SpA of Milan plan share sales in Hong Kong this quarter, providing a boost to the thrust of the Exchange to become a hub of intellectual property offices. Sales may push the value of offers of more than 20 billion, which would be a record for a second quarter, data compiled by Bloomberg show.

-With the help of Stephanie Tong and Li administration in Hong Kong. Editors: Philip Lagerkranser, Jeff St.Onge

To contact the reporters on this story: Zijing Wu in London, zwu17@bloomberg.net Hu Fox in Hong Kong to the fhu7@bloomberg.net

To contact the editor responsible for this story: Philip Lagerkranser to the lagerkranser@bloomberg.net

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