Shima Property Holdings Limited’s logo. Photo: Shutterstock
Shima Property Holdings Limited’s logo. Photo: Shutterstock
Bonds

Shimao’s unit taps a jittery capital market in a surprise plea for funds, sending nervous investors for the exit

  • Shimao Services Holdings plans to issue HK$3.11 billion of convertible bonds and sell 115 million new shares to raise a combined HK$4.86 billion
  • Shares of the company, spun off less than a year ago, tumbled by as much as 13.1 per cent, in their biggest intraday percentage plunge in a month

Shima Property Holdings Limited’s logo. Photo: Shutterstock
Shima Property Holdings Limited’s logo. Photo: Shutterstock
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