Country Garden to raise HK$4.81 billion in share placement to refinance offshore debt
December 06, 2022 at 19:35 PM EST
The Chinese property developer, which for years ranked as the country's top real-estate developer by contracted sales, said Wednesday that it would place 1.78 billion new shares at HK$2.70 apiece, representing a nearly 15% discount to Tuesday's closing price.
