Hong Kong property developer Hang Lung Properties made an opportunistic trade in the Asian equity markets yesterday November 29 raising HK$4.44 billion $570 million from an increased top up placement via Credit Suisse First Boston. The deal appeared incredibly well timed, coming on the back of a big upswing in property stocks and market liquidity.
Where the former is concerned, HLP is up 29% year-to-date, outpacing the Hang Seng Index, currently up a far more modest 12%. It has also come in a week when huge liquidity is building up ahead of big IPO's for Air China and the Link Reit, which have not yet opened their books and...
