Property News · March 15, 2017

CC Land shares tumble after unveiling HK$2.6b rights issue after London property acquisition


Shares of Chinese property developer CC Land Holdings slumped nearly 9 per cent on Wednesday after it announced plans to raise HK$2.6 billion (US$335 million) through a rights issue.
At midday in Hong Kong the stock was quoted at HK$2.06 , 8.9 per cent belows its previous closing level, reflecting its biggest intraday drop so far this year.
The company announced it bought a 100 per cent stake in London’s landmark building Leadenhall Building, also known as “The Cheesegrater, in…

Source : South China Morning Post
Read more…CC Land shares tumble after unveiling HK.6b rights issue after London property acquisition

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