The logo for Country Garden Holdings is displayed at the company’s Fengming Haishang residential development in Shanghai, China. The company is raising US$330 million from a share sale in Hong Kong. Photo: Bloomberg

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Country Garden, China’s top property developer, plans US$360 million share sale to refinance debt

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The Shenzhen-based company will issue 870 million new shares at HK$3.25 each, a 12.6 per cent discount to its last closing price

The company’s shares declined as much as 15.9 per cent to HK$3.13 in intraday trading

Asia housing and property

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Mia Castagnone

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Published: 3:57pm, 27 Jul, 2022

Updated: 4:02pm, 27 Jul, 2022

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Country Garden, China’s top property developer, plans US$360 million share sale to refinance debt

The Shenzhen-based company will issue 870 million new shares at HK$3.25 each, a 12.6 per cent discount to its last closing price The company’s shares declined as much as 15.9 per cent to HK$3.13 in intraday trading

The Shenzhen-based company will issue 870 million new shares at HK$3.25 each, a 12.6 per cent discount to its last closing price

The company’s shares declined as much as 15.9 per cent to HK$3.13 in intraday trading