E-House sells new shares at 8% discount

An existing shareholder withdraws plan to participate in the sale, resulting in a base deal size of $102 million.

New York-listed E-House China Holdings has completed its follow-on share offering, raising $102 million. However, one of the companyƆs independent directors who had also been scheduled to sell shares, decided not to participate in the transaction after the share price dropped 7.8% during marketing. This reduced the base deal size to 6 million shares from 7 million.

The company also had to accept to sell the shares at an 8% discount to the latest closing price as investors are currently...

To continue reading, please login or register for free

Click for more on: followon | real estate | credit suisse | merrill lynch

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...