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Business Digest

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agile property raises US$400m from bond sale

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Agile Property Holdings boosted to US$400 million the amount it is raising from selling seven-year bonds and also lowered the yield to 9 per cent on strong investor demand, market sources said. HSBC and Morgan Stanley arranged the deal.Tim LeeMaster

12 officials at shanghai pudong bank disciplined

Shanghai Pudong Development Bank disciplined 12 officials at its head office, Nanjing branch and the Chengzhong sub-branch in the city for illegal off-balance-sheet wealth management activities, the lender, minority-owned by Citigroup, said in a statement yesterday. Bei Hu

HK$445m premium for shkp project in sheung shui

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Sun Hung Kai Properties has paid a HK$445 million land premium on a proposed low-density project in Sheung Shui. The premium was for the right to convert the agriculture site at Kwu Tong Road into a residential development for which SHKP has approval to build 330 houses with a total gross floor area of 672,405 square feet. Yvonne Liu

shenzhen investment profit tumbles 62pc

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