The placement, which accounted for 8.2% of the existing share capital, was done through a bought deal which saw parent company Henderson Land Development sell 230 million existing shares to Credit Suisse, which offered them on to investors at a fixed price of $13.55 apiece. Henderson Land will then subscribe to the same amount of new shares.
The price translated into a 7.2% discount to yesterdayÆs April 19 close and was also slightly below the most recent privatisation offer, which at the time...
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