China Overseas Land completes placement

Chinese property developer takes advantage of a booming share price to raise funds to increase its PRC landbank.

JPMorgan completed an increased 850 million share placement for China Overseas Land yesterday Monday raising HK$1.53 billion $196 million. The deal was increased from a base offer size of 700 million and priced towards the wide end of the range after a four-hour bookbuild.

The lead is said to have been working on the deal for a few weeks and launched the offering after Asia's close at a price range of HK$1.78 to HK...

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