Beijing Capital Land plans $362m rights issue

China property Fuzhou_230px
By Jonathan Breen
10 Dec 2019

Beijing Capital Land has set the ball rolling for a three tranche rights issue, eyeing around $361.5m from a deal combining its offshore and domestic shares.

The Chinese state-owned real estate developer is offering 1.5bn rights shares on a basis of five rights shares for every 10 existing shares. The issuance comprises 510.4m H-shares at HK$1.87 ($0.24) each, as well as 824.6m domestic rights shares and 179m "non-H foreign rights shares", both at Rmb1.68 ...

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