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Mingfa Group Seeks US$336 Million In Hong Kong IPO; To List Nov 13 - Source

HONG KONG -(Dow Jones)- Chinese developer Mingfa Group (International) Co. ( 0846.HK) has cut the size of its Hong Kong initial public offering to US$336 million from US$440 million and delayed the listing date until Nov. 13, a person familiar with the situation said Wednesday.

The company said Friday it would cut the size of the IPO, and delay the listing date from Nov. 3 because of poor market conditions.

The Fujian province-based developer has kept the offering size at 900 million shares, but lowered the indicative price range to HK$2.00-HK$2.89 a share from HK$3.03-HK$3.79.

Bank of America Merrill Lynch and Deutsche Bank AG (DB) are underwriting the deal.

-By Amy Or, Dow Jones Newswires; 852-2832 2335; amy.or@dowjones.com

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  11-03-092104ET
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