Times China increases top-up to bag HK$1.6bn

china property px230
By Jonathan Breen
18 Apr 2019

Mainland property developer Times China Holdings has raised HK$1.57bn ($200.2m) after boosting the size of an overnight top-up placement.

The Hong Kong-listed issuer jumped at the chance on Wednesday evening to sell up to 100m new shares, or 5.45% of its total share capital. It came following an 83.7% year-to-date rise in Times China’s stock price.

Citi and JP Morgan launched an accelerated bookbuilding for the deal ...

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