Merrill Lynch & Co., Deutsche Bank AG and Singapore’s Temasek Holdings invested US$400 million for an 8% stake in Chinese property developer Hengda Real Estate Group, the state-run Shanghai Securities News reported Monday.

Hengda Real Estate may attract another US$500 million from overseas investors before its planned overseas initial public offering, the report said, without citing sources. It didn’t say where the listing would take place.

HSBC Holdings PLC , Citigroup Inc. (C) and UBS AG are also in talks with Hengda Real Estate over a possible strategic investment, the paper said.

Guangzhou-based Hengda Real Estate is a private property development company, it said.

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