Poly (Hong Kong) Investments raises $397 million via placement

The Chinese property developer raises equity capital for the second time this year.

Poly Hong Kong Investments yesterday raised HK$3.078 billion $397 million through a top-up placement -- the company's second equity fundraising this year. The property developer said it will use the money to pay the outstanding balance on a recent acquisition of land from its parent company and to fund future investments.

The base deal size was 320 million shares which were offered at a price between HK$7.80 and HK$8.10 a share. The price range translated into...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 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 ...