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: BloombergShares 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
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
Property /  Hong Kong & China

Developers face risks in rights issues

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

Sandy Li
Sandy Li

Updated: 3:27am, 19 Dec, 2013

Why you can trust SCMP
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: BloombergShares 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
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
READ FULL ARTICLE