CIFI Holdings raises $170m in top-up placement

Investors nonplussed by a tumble in Hong Kong's stock markets snapped up shares in the Chinese property developer.

CIFI Holdings raises $170m in top-up placement

CIFI Holdings defied tumbling markets in Hong Kong on Monday and raised $170.3 million in a top-up placement.

The mainland real estate developer launched the follow-on offering midday on May 18 after it announced plans to form a joint venture with Hongkong Land China Holdings to develop a property project in Shanghai.

Some 500 million primary shares were on offer at an indicative price range between HK$2.175 and HK$2.350 per...

To continue reading, please login or register for free

Click for more on: cifi | property | china | follow on | citi | credit suisse | nomura

Print Edition

FinanceAsia Print Edition


  • 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 ...