China Developer Plans HKD1.4B Shares Sale in HK

China developer plans to raise more than HKD 1 billion from share issues in Hong Kong after its RMB bond program got rejected in China. China developer Guangzhou R&F proposed new Hong Kong stock share sales, planing to raise up to HKD1.4billion.

The company said it will hold a shareholders’ meeting on Dec. 21 to seek approval for the new issue, the time and price of which are yet to be determined.