Trade centre operator seeks $406 million from Hong Kong listing

China South City Holdings, a developer and operator of a large-scale integrated logistics trade centre in Shenzhen where suppliers of industrial goods can meet with potential customers, will kick off the formal roadshow today for an initial public offering that will aim to raise between HK$2.1 billion and HK$3.15 billion ($271 million to $406 million). The first company of its kind to list in Hong Kong, the company will offer investors a hybrid exposure to commercial property and the trading of industrial goods -- at a time when the global economy is showing real signs of a proper economic recovery.