Wharf taps market for HK$10b

PUBLISHED : Friday, 11 February, 2011, 12:00am
UPDATED : Friday, 11 February, 2011, 12:00am

Wharf (Holdings) intends to raise HK$10.05 billion through a rights issue to finance its property investments on the mainland as part of a long-term strategy. The company said in a filing to the stock exchange yesterday it would issue 275.39 million rights shares at HK$36.50 each on a one-for-10 basis.