According to news released in the Dow Jones Newswires, the Kosmopolito Hotels International Ltd, a leading hotel brand of Far East Consortium International Ltd, aims to lift up around US$192 million from an initial public offering in Hong Kong.

The reports showed that Kosmopolito Hotels will issue around 540 million shares into the market for HK$2.04 to HK$2.75 per share. If the underwriters consider the 15 percent over-allotment option, the complete offering size will touch the mark of US$220 million.

Meanwhile, a leading businessman from HK city, Mr. Chow Tai Fook, one of the cornerstone investors of the IPO, has subscribed for HK$100 million of new shares of Kosmopolito Hotels.

Kosmopolito Hotels, which has began the pre-marketing tour yesterday, is planning to get listed on the Hong Kong Stock Exchange on October 8 of this year.

Moreover, the Far East Consortium International, an investment company related with property development, hotel operations and loan financing, announced that its spinning-off schedule for Kosmopolito Hotels has gained help from leading shareholders.

Credit Suisse Group, Morgan Stanley and Royal Bank of Scotland Group PLC are joint book-runners of the IPO.