Seazen pockets $351m from HK placement

china property px230
By Jonathan Breen
14 Jan 2020

Chinese property developer Seazen Group raised HK$2.73bn ($351.3m) on Monday from a sale of new shares, increasing the offering size on the back of strong demand, according to a source familiar with the deal.

The issuer, previously called Future Land Development Holdings, jumped at the chance to tap a liquid market. It was encouraged not only by liquidity, but also by a recovery in its share price, said the source. 

Its stock was battered last July after chief executive Wang Zhenhua was arrested ...

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