shk-properties-raises-141-billion-from-placement

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 AlcoaÆs $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 a busy night in AsiaÆs equity capital market with at least three equity offerings and one convertible bond fighting for investorsÆ attention, including one other property-sector deal.

ôThe regional equity markets are very strong at...
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