Beijing Capital Land nets $119m from HK rights issue

hong kong px230
By Jonathan Breen
21 Jan 2020

Chinese real estate developer Beijing Capital Land has raised HK$925.3m ($119.1m) from the H-share portion of a three-tranche rights issue.

The offer included 510.4m H-shares up for grabs at HK$1.87 apiece and on an entitlement basis of five rights shares for every 10 existing shares.

The Hong Kong-listed issuer launched the deal on December 9 last year. It sealed the H-share portion of the issuance on January ...

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