Source: http://www.reuters.com/article/2013/09/10/us-china-developer-ipo-idUSBRE9890CV20130910 (Reuters) - SZITIC Commercial Property Co Ltd, which sold a stake in two of its malls to U.S. private equity firm Carlyle Group LP (CG.O) in May, plans an up to $1 billion Hong Kong IPO as soon as the fourth quarter of 2013, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The Shenzhen-based shopping mall developer hired JPMorgan (JPM.N) and China International Capital Corp (CICC) to handle the initial public offering, the paper said.

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The deal could come by the end of the year or in the first quarter of 2014, it added. SZITIC sold a 49 percent stake in the malls, located in second-tier cities of Hangzhou and Suzhou, to Carlyle for an undisclosed sum. More Financial News Here:http://corlissonlinegroup.com/

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