Joy City in HK$6.36bn rights issue

Three of Joy City’s shareholders have agreed to purchase some 76% of the rights issue at HK$1.35 per share.
Joy City owns properties in Shanghai, among other Chinese cities
Joy City owns properties in Shanghai, among other Chinese cities
March 02, 2015

Joy City Property, Cofco Group’s real estate business, aims to raise up to HK$6.36 billion ($820 million) in a rights issue to help pay down the December acquisition of Joy City Malls.

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