{"id":116890,"date":"2020-06-04T12:08:44","date_gmt":"2020-06-04T05:08:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/vanke-chinas-third-largest-developer-seeks-to-ease-coronavirus-pain-by-floating-additional-shares-in-hong-kong-and-raising-us1-billion\/"},"modified":"2020-06-04T13:07:29","modified_gmt":"2020-06-04T06:07:29","slug":"vanke-chinas-third-largest-developer-seeks-to-ease-coronavirus-pain-by-floating-additional-shares-in-hong-kong-and-raising-us1-billion","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vanke-chinas-third-largest-developer-seeks-to-ease-coronavirus-pain-by-floating-additional-shares-in-hong-kong-and-raising-us1-billion\/","title":{"rendered":"Vanke, China\u2019s third-largest developer, seeks to ease coronavirus pain by floating additional shares in Hong Kong and raising US$1 billion"},"content":{"rendered":"


\nChina Vanke, the mainland\u2019s third-largest home builder, aims to raise HK$7.87 billion (US$1.01 billion) in fresh capital to repay overseas debt and boost its working capital by floating additional shares in Hong Kong.In a filing to the city\u2019s exchange on Thursday, Vanke said it will sell 315.59 million shares at HK$25 each. The offer price represents a 4.8 per cent discount to Wednesday\u2019s close of HK$26.25. Its H shares edged up 0.2 per cent to HK$26.3 on Thursday morning, while its Shenzhen\u2026
\n
\nSource : South China Morning Post
\nRead more…Vanke, China\u2019s third-largest developer, seeks to ease coronavirus pain by floating additional shares in Hong Kong and raising US billion<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China Vanke, the mainland\u2019s third-largest home builder, aims to raise HK$7.87 billion (US$1.01 billion) in...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-116890","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-upk","jetpack-related-posts":[{"id":105507,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-giant-china-vanke-aims-to-raise-us1-billion-in-new-shares-sale-as-it-prepares-to-survive-housing-market-slump\/","url_meta":{"origin":116890,"position":0},"title":"Property giant China Vanke aims to raise US$1 billion in new shares sale as it prepares \u2018to survive\u2019 housing market slump","date":"March 28, 2019","format":false,"excerpt":"\r Property giant China Vanke aims to raise HK$7.8 billion (US$1 billion) through a placement of new shares as it prepares to deal with a slowdown in the housing market.Vanke, mainland China\u2019s second-largest developer by sales, said it will place 263 million new shares on the Hong Kong stock exchange\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61014,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/vanke-shares-soar-to-record-after-winning-buyout-for-chinas-biggest-warehouse-operator\/","url_meta":{"origin":116890,"position":1},"title":"Vanke shares soar to record after winning buyout for China\u2019s biggest warehouse operator","date":"July 18, 2017","format":false,"excerpt":"\r China Vanke shares jumped to all time high as it becomes a major shareholder of Global Logistics Properties, the biggest operator of industrial real estate in China. Vanke rose as much as 4 per cent in Hong Kong to hit HK$24.2 after its trading resumed on Tuesday morning, a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":32487,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrande-lifts-stake-in-vanke-to-7-per-cent\/","url_meta":{"origin":116890,"position":2},"title":"China Evergrande lifts stake in Vanke to 7 per cent","date":"November 1, 2016","format":false,"excerpt":"\r Property giant China Evergrande Group has further raised its stake in rival China Vanke to 7 per cent from 6.82 per cent, according to a stock exchange statement. Vanke\u2019s Hong Kong shares hit a two-month high of HK$20.9 by 10:53 am. Its shares in Shenzhen also rose 0.8 per\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38576,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-vanke-shares-tumble-after-restructuring-plan-falls-flat\/","url_meta":{"origin":116890,"position":3},"title":"China Vanke shares tumble after restructuring plan falls flat","date":"December 19, 2016","format":false,"excerpt":"\r Shares of China Vanke, the country\u2019s largest homebuilder which is embroiled in a long-running takeover tussle, slumped on Monday as the firm scrapped a \u201cwhite knight\u201d plan after a leading contender declared it had no intention to control the company. Vanke fell 6.06 per cent in Shenzhen to 21.10\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98359,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mainland-developer-china-vanke-sets-low-prices-for-first-hong-kong-housing-estate-in-tuen-mun\/","url_meta":{"origin":116890,"position":4},"title":"Mainland developer China Vanke sets low prices for first Hong Kong housing estate in Tuen Mun","date":"September 22, 2018","format":false,"excerpt":"\r China Vanke, the mainland\u2019s second-largest developer by sales, has priced apartments at its first wholly-owned residential development in Hong Kong\u2019s Tuen Mun starting at HK$9,878 (US$1,265) per square foot \u2013 cheaper than 30-year-old subsidised housing in the area. The average price for the first batch of 231 units at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":142994,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/developer-china-vanke-claims-moodys-junk-level-downgrade-is-manageable-as-shares-and-bonds-gain-on-bailout-reports\/","url_meta":{"origin":116890,"position":5},"title":"Developer China Vanke claims Moody\u2019s junk-level downgrade is manageable as shares and bonds gain on bailout reports","date":"March 12, 2024","format":false,"excerpt":"\r The impact of Monday\u2019s downgrade is \u2018controllable\u2019, the second-largest Chinese developer says. Its shares rose more than 10 per cent to HK$6.30 on Tuesday on belief commercial banks will raise up to US$11.1 billion to repay its debts.\r \r Source : South China Morning Post\r Read more...Developer China Vanke\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116890"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=116890"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/116890\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=116890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=116890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=116890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}