Shares in Wanda Commercial Properties dropped 2.33 per cent on Monday after the company announced plans to raise HK$2.46 billion through a rights issue of three shares for every 10 held by investors. Photo: Bloomberg

Developers face risks in rights issues

Prospect of costlier funding leaves small firms with few choices, but dilution is a key problem

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Shares in Wanda Commercial Properties dropped 2.33 per cent on Monday after the company announced plans to raise HK$2.46 billion through a rights issue of three shares for every 10 held by investors. Photo: Bloomberg
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