China Property company to Go public

CHANGSHENG China Property Co, the Chinese property developer part owned by Goldman Sachs Group Inc, may raise HK$1.13 billion (US$144 million) in a Hong Kong initial public offering, according to a share sale document.

The Guangzhou, southern China-based firm is selling 250 million shares, a 25 percent stake, at HK$3.32 to HK$4.51 each, said the document.