Placements for two more HK-listed developers
Henderson Land raises $708 million while Agile and its chairman pocket a combined $408 million in a week of heavy fund-raising activity.
Two more Hong Kong-listed property developers took the opportunity to sell a combined $1.12 billion worth of shares on Friday, rounding out a week of heavy placement activity.
The multiple fund raisings, which has been particularly numerous within the property sector, have sparked some concern among market watchers that companies are sensing that the top of the market is drawing nearer. However, bankers involved in some of this weekÆs placements say there is still a lot of liquidity out there...
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