Times Neighborhood bags HK$787m from top-up

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By Jonathan Breen
07 Jul 2020

Chinese property manager Times Neighborhood Holdings raised HK$786.9m ($101.5m) on Monday from an accelerated share placement.

The deal comprised 77m shares. Sole placing agent Credit Suisse ran a short bookbuild for the top-up after Hong Kong markets closed for the day, marketing the shares at HK$10.11 to HK$10.40 each.

The company – a subsidiary of real estate developer Times China – turned to ...

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