Hong Kong Airlines will apply for listing approval from the Hong Kong Stock Exchange for a US$500 million IPO that would be the city’s first dual-currency public offering.The airline plans to submit a listing application to the stock exchange on September 1st to float a Chinese yuan and Hong Kong dollar-denominated deal. The listing is expected to be during the fourth quarter.The airline is planning offer half of the shares in the retail tranche of the IPO in yuan-denominated offerings. The retail portion will make up 10% of the total IPO. Investors who buy from the institutional tranche of the

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