Like Li Fung, which sold $356 million worth of new shares on Wednesday, Kowloon Development took advantage of a near record high share price to boost its coffers. Bankers predict more companies will follow as the local stock market continues to look strong.
The Hang Seng Index has gained 2,000 points, or 7.6%, since its lows in mid-June and has recovered all the losses incurred during the global equity market sell-down that began in mid-May. However, the HSIÆs year-to-date...
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