China Resources Land nets HK$6.7bn from top-up

China Property (resized 230)
By Jonathan Breen
22 Oct 2019

China Resources Land has raised HK$6.73bn ($858m) after issuing a chunk of shares in a top-up placement.

The real estate developer, a unit of Chinese state-owned giant China Resources Group, launched the deal after Hong Kong trading ended on Monday through sole placing agent Goldman Sachs.

The top-up comprised 200m secondary shares being supplied by a wholly-owned subsidiary of CR Holdings. The stock is equal ...

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