SHK Properties raises $1.41 billion from placement

The large block trade comes on a busy night. Singapore-listed Yangzijiang Shipbuilding and CapitaMall Trust also tap the market.

Sun Hung Kai Properties SHKP last night took advantage of a record high share price to raise HK$10.93 billion $1.41 billion of fresh capital that it will use to fund its expansion in Mainland China.

This is the second largest block trade by a Hong Kong-listed company this year after AlcoaƆs $1.97 billion exit from Aluminum Corp of China Chalco in September and the largest non-marketed Asian follow-on for a real estate company ever. The deal also came on...

To continue reading, please login or register for free

Click for more on: placement | followon | property | goldman sachs

Print Edition

FinanceAsia Print Edition