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.
The JV between CIFI Holdings and Hongkong Land will develop a large-scale project in Shanghai
The JV between CIFI Holdings and Hongkong Land will develop a large-scale project in Shanghai

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

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