R&F Properties eyes $1.4bn share sale

By John Loh
05 Nov 2018

Guangzhou R&F Properties is paving the way for its largest equity fundraising, seeking shareholder approval for a HK$10.7bn ($1.4bn) H-share placement.

The Chinese property developer said in an announcement last Friday it is planning a shareholder meeting to approve the sale of up to 805.6m primary shares, or 25% and 20% respectively of its existing and enlarged share base.

R&F closed Friday at HK$13.30 a share, but fell 9% ...

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