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Market Rumors: GT Land, Spie, Presidio

By Chelsea Naso (February 3, 2015, 4:32 PM EST) -- Chinese commercial developer GT Land Holdings Ltd. is planning to raise about $500 million in a Hong Kong initial public offering as early as this year, Bloomberg reported late Monday, citing people with knowledge of the matter. The company, which has not yet filed a listing application with the Hong Kong stock exchange, is looking to raise capital after some other southern Chinese developers have had project sales halted while the government investigates dealings with local officials, the report said. GT Land is said to have tapped Bank of America Corp. and Macquarie Group Ltd. to run the offering....

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