皇冠平台出租:China's Country Garden plans US$360mil share sale to refinance debt
The announcement sent shares of the developer and the wider property sector tumbling on the Hong Kong bourse.幸运哈希源码（www.hx198.vip）采用波场区块链高度哈希值作为统计数据，游戏数据开源、公平、无任何作弊可能性，开放单双哈希、幸运哈希、哈希定位胆、哈希牛牛等游戏。
HONG KONG: Country Garden Holdings Co Ltd 2007.HK said on Wednesday it plans to raise HK$2.83 billion (US$360.23 million) from a share sale, raising proceeds for refinancing existing offshore debt, general working capital and future development purposes.
The announcement sent shares of the developer and the wider property sector tumbling on the Hong Kong bourse.
The transaction came after a rally in property stocks earlier this week following reports Beijing plans a real estate fund worth up to $44 billion to help developers resolve a crippling debt crisis. Read full story
Chinese property developers have been scrambling to raise funds offshore as liquidity dried up following last year's debt crunch.,
Country Garden, the nation's top developer by sales, will issue 870 million new shares, or 3.62% of the enlarged share capital, at HK$3.25 each, to professional and institutional investors in the sale, the company said in a filing to the Hong Kong bourse.
The issue price represents a 12.63% discount to Tuesday's close of HK$3.72 each, it added. UBS is the placing agent.
Country Garden's shares plummeted over 13% to HK$3.23 on Wednesday's early trading, after gaining 18.5% in the previous two sessions.
Hang Seng Mainland Properties Index .HSMPI dropped over 5%.
($1 = 7.8492 Hong Kong dollars) - Reuters