Franshion is offering 1.41 billion new shares, or 30% of the enlarged share capital, at a price ranging from HK$1.85 to HK$2.35. It has a typical structure, with 90% of the deal sold to institutional investors and cornerstones, while the balance of 10% is earmarked for the retail tranche. A 15% greenshoe could increase the deal size to $487 million.
ôThe company owns a portfolio of high-quality assets, which include properties located...
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