China Binjiang Real Estate eyes RMB 1.5 bln A-shares IPO

China's Hangzhou Binjiang Real Estate Group Co Ltd<002244>, the professional real estate developer in the country, starts up its IPO plan with the aim to raise as much as RMB 1.5 billion, market sources reported. The company plans to raise as much as 60 million shares, accounting for 11.54% of its total capital stock.