SYDNEY, March 2 (Reuters) - 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 HK$13.20 per share, according to
the deal's term sheets reviewed by Reuters.
Vanke said the final price was a 6.12% discount to the
stock's closing price on Wednesday of HK$13.90.
($1 = 7.8483 Hong Kong dollars)
($1 = 7.8482 Hong Kong dollars)
(Reporting by Scott Murdoch; Editing by Christian Schmollinger)
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.