SYDNEY : China Vanke Ltd said on Thursday it had raised $498.2 million by selling 300 million shares at HK$13.05 ($1.66) each, in the first test of investor appetite towards a mainland developer share sale in 2023.The Hong Kong share placement was launched on Wednesday in a price range between HK$12.93 to
SYDNEY : China Vanke Ltd said on Thursday it had raised $498.2 million by selling 300 million shares at HK$13.05 each, in the first test of investor appetite towards a mainland developer share sale in 2023.
The Hong Kong share placement was launched on Wednesday in a price range between HK$12.93 to HK$13.20 per share, according to the deal's term sheets reviewed by Reuters. Vanke said the final price was a 6.12 per cent discount to the stock's closing price on Wednesday of HK$13.90.
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