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Real Estate Briefing - Categorized | Developers, IPOs/Stock Market more

Chinese developers start tapping equity markets

Posted on 20 September 2012

The fundraising window for Chinese developers is opening even more. After a series of high-yield bond issuances by developers last week which were well-received by investors, a Hong Kong-listed real estate firm Wednesday moved to tap the stockmarkets for funds.
Chinese property firms have been struggling with slowing sales and tight credit in the past year, but Wednesday Longfor Properties Co. Ltd raised HK$3.09 billion ($399 million) from placing shares at a 7.9% discount to their close Tuesday………………………………………..Full Article: Source

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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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