China Everbright tees up $1.3bn rights issue, Chong Hing follows

By Jonathan Breen
15 Aug 2018

China Everbright International hit the market on Tuesday with news of a billion-dollar rights issue, sending its stock price tumbling

The company, which manages environmental resources on the mainland, is working with sole global co-ordinator CICC to raise about HK$10bn ($1.26bn).

But the firm’s announcement, made through a Hong Kong Stock Exchange filing at noon on Tuesday, caught the market off guard and sent its shares spiralling to ...

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