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Country Garden Services nets $250m from share sale

Chinese property manager Country Garden Services Holdings has pocketed HK$1.96bn ($249.9m) from a top-up placement of new shares.

  • By Jonathan Breen
  • 11 Jan 2019

The Hong Kong-listed issuer hit the market on Thursday following an 8.6% year-to-date climb in its stock price, coming out with an offer of 168.8m shares at HK$11.61 to HK$12 apiece. This valued the placement at up to HK$2.03bn, according to a stock exchange filing.

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Rank Arranger Share % by Volume
Excludes PPs. Click for full table
1 China Merchants Securities Co 26.40
2 Industrial and Commercial Bank of China (ICBC) 20.00
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