By Ben Blanchard
Hebei is a politically important province, located on the doorstep of the capital.
Private equity firm MBK Partners bought Homeplus from Tesco PLC for $6.1 billion in 2015.
The company, majority-owned by News Corp, also booked a $122 million impairment charge on its Asian business.
The Chalet Hotels IPO comprises a fresh issue of ₹950 crore and a secondary market sale of 246.85 crore shares by the promoter group.
The technology and telecoms conglomerate did not release a forecast for the current business year, saying there were too many uncertain factors.
Selling shareholders include Banyan Partners, Sun Vantage Investment and Lightspeed China.
Slack is said to be still planning to pursue a direct listing as opposed to a traditional IPO as early as the spring.
Ruyi recently closed the acquisition of Lycra, which was owned by an arm of Koch Industries, after regulatory delays hampered the transaction for months.
Its float is being watched as a test of investor sentiment for Hong Kong deals after a patchy performance by newly listed stocks in 2018 amid U.S.-China trade tension.
A listing could give AB InBev’s Asian business a value ranging from $40 billion to $70 billion based on early estimates.