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Delayed
Other stock markets
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5-day change | 1st Jan Change | ||
| 0.485 HKD | +1.04% |
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-.--% | -37.82% |
| Apr. 26 | Country Garden plans to present debt revamp plan in second half, sources say | RE |
| Apr. 24 | China's Country Garden extends bonds to avoid first local default, Bloomberg News reports | RE |
(Reuters) - Chinese property developer Country Garden Holdings said on Tuesday it plans to sell HK$3.92 billion ($500 million) worth of shares in a share placement, raising capital to refinance existing offshore indebtedness and for general working capital.
The Guangdong-based company plans to sell 1.463 billion shares, representing 5.66% of the enlarged share capital, to third-party investors at HK$2.68 apiece, it said in a filing to the Hong Kong bourse.
The issue price represents a 17.79% discount to Monday's close of HK$3.26 per share. UBS and J.P. Morgan are the placing agents.
($1 = 7.8364 Hong Kong dollars)
(Reporting by Donny Kwok; Editing by Edmund Klamann)
| 1st Jan change | Capi. | |
|---|---|---|
| -37.82% | 1.72B | |
| +36.16% | 27.29B | |
| -13.74% | 26.65B | |
| +25.00% | 26.56B | |
| -0.71% | 23.73B | |
| +44.49% | 22.46B | |
| +2.78% | 19.61B | |
| +1.45% | 18.04B | |
| +28.54% | 16.12B | |
| -14.80% | 14.69B |
COUNTRY GARDEN HOLDINGS COMPANY LIMITED 
