Country Garden plans $410m rights issue

Property developer run by China's richest woman Yang Huiyan opts for rights issue rather than block to avoid diluting her stake.
Yang Huiyan
Yang Huiyan

Country Garden, China’s seventh largest property developer controlled by the country’s wealthiest woman Yang Huiyan, aims to raise up to HK$3.2 billion ($410 million) in a rights issue to help pay down its debt.

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