Neo-China returns to the market for a third time

The Mainland property developer raises $100 million from a scaled-back placement as the Hong Kong market tumbles.

Mainland property developer Neo-China Group Holdings has been back in the market this week to feed its seemingly insatiable need for capital, raising yet another $100 million for future land bank acquisitions and the development of a recently announced project.

The top-up placement, which was completed in the early hours of Tuesday morning, marked the third time the Hong Kong-listed company tapped the international capital markets this year following a similar placement in February and a convertible bond in May....

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