News Snapshot: THE initial public offering (IPO) of the property management service arm of China Vanke Co. is expected to start as early as September, Bloomberg reported yesterday. Onewo Space-Tech Service Co., formerly known as Vanke Property Development Co., seeks to raise at least US$2 billion in the Hong Kong listing, sources familiar with the matter told Bloomberg, adding that the China Vanke unit could seek a hearing with the Hong Kong stock exchange as soon as August. At US$2 billion, Onewo Space-Tech would be among the biggest IPOs in Hong Kong this year, amid a sharp slowdown in listings....