Country Garden, China, will raise approximately HK $ 3.9 billion (S $ 683 million) through the sale of shares.This is the first large -scale equity financing for China's official sacrifice to the real estate industry.
According to Bloomberg, according to the announcement of the Hong Kong Exchange, Country Garden will sell 1.6 billion new shares at a price of HK $ 2.68 per share.Country Garden's stock price has doubled in the Hong Kong market this month, ranking second in the Bloomberg industry's research on the Chinese real estate index.
This shows that with the launch of the good policy of the real estate industry and China's adjustment of epidemic prevention measures, investors have improved and brings opportunities for real estate companies with strong qualifications.
Country Garden's stock price fell 14.7%in the Hong Kong market on the morning of Tuesday (November 15) to HK $ 2.78 per share. As of 11:38, it fell 7.4%.
China's official on Friday (11th), which was formulated by the 16 measures formulated on Friday (11th) to save the property market in detail the specific plan for financial support for the real estate market.China Monday (14th) will allow "high -quality" real estate companies to replace the pre -sale supervision funds with a bank guarantee of not more than 30%.
Bloomberg industry research analysts wrote in the report on the 15th that Country Garden may also make equity financing to improve short -term liquidity, and may also issue domestic debt to financing.
