The property management arm of mainland developer Country Garden has seen profits rise to 1.3 billion yuan for the first half ended June, from 816.9 million yuan a year earlier. Photo: Reuters
Country Garden Services seeks US$1 billion from stock placement with eyes on acquisition opportunities
- Country Garden Services is placing 173 million shares at HK$45 each, pricing new shares at a 9.4 per cent discount to Thursday’s closing price
- The stock placement follows the issuance of HK$3.84 billion worth of convertible bonds between April and June this year
The property management arm of mainland developer Country Garden has seen profits rise to 1.3 billion yuan for the first half ended June, from 816.9 million yuan a year earlier. Photo: Reuters
