Yuexiu Property Will Raise Up to HK$3.48 Billion in 3-for-10 Rights Offer

Yuexiu Property Company Ltd. will raise as much as HK$3.48 billion for the future purchase of building land through a rights offer of three new shares for every 10 held at HK$1.61 each.

The company will issue as many as 2.16 billion new shares, according to Yuexiu’s statement to Hong Kong’s stock exchange today.

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