JSM Indochina Ltd., a company set up to invest in Vietnamese and Cambodian real estate, said on Tuesday it planned an initial public offering in London to raise between $400 million and $600 million.
JSM, which is based in Cayman Islands and focuses on the development and management of retail and serviced apartment assets, plans to sell up to 600 million shares at $1 each, targeting admission by the end of June, it said in a statement.
"JSM Indochina will give investors access to one of South East Asia's fastest growing economies and a developing property market," Chief Executive Craig Jones said in a statement.
"We believe that Vietnamese and Cambodian real estate fundamentals now offer extremely attractive opportunities for investors."
Source: Reuters
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