Hui Ka-yan, billionaire chairman of China Evergrande, attends the opening ceremony of the new home court of Guangzhou Evergrande Taobao of Chinese Football League in April 2020. Hui Ka-yan, billionaire chairman of China Evergrande, attends the opening ceremony of the new home court of Guangzhou Evergrande Taobao of Chinese Football League in April 2020.
Hui Ka-yan, billionaire chairman of China Evergrande, attends the opening ceremony of the new home court of Guangzhou Evergrande Taobao of Chinese Football League in April 2020.

China Evergrande seeks US$1.1 billion from stock placement amid rush to trim US$123 billion of debt load

  • Developer is offering 490 million shares at HK$16.50 to HK$17.20 each, or a discount of 11.1 per cent to 14.7 per cent to its last-traded price
  • Proceeds should tide it through but may not be sufficient to pare down large amount of debt, says Kamet Capital

Topic |   China property
Hui Ka-yan, billionaire chairman of China Evergrande, attends the opening ceremony of the new home court of Guangzhou Evergrande Taobao of Chinese Football League in April 2020. Hui Ka-yan, billionaire chairman of China Evergrande, attends the opening ceremony of the new home court of Guangzhou Evergrande Taobao of Chinese Football League in April 2020.
Hui Ka-yan, billionaire chairman of China Evergrande, attends the opening ceremony of the new home court of Guangzhou Evergrande Taobao of Chinese Football League in April 2020.
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