20.09.2012 - Chinese developers start tapping equity markets
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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