{"id":122708,"date":"2021-10-20T14:00:23","date_gmt":"2021-10-20T07:00:23","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shimaos-unit-taps-a-jittery-capital-market-in-a-surprise-plea-for-funds-sending-nervous-investors-heading-for-the-exit\/"},"modified":"2021-10-20T15:03:12","modified_gmt":"2021-10-20T08:03:12","slug":"shimaos-unit-taps-a-jittery-capital-market-in-a-surprise-plea-for-funds-sending-nervous-investors-heading-for-the-exit","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shimaos-unit-taps-a-jittery-capital-market-in-a-surprise-plea-for-funds-sending-nervous-investors-heading-for-the-exit\/","title":{"rendered":"Shimao\u2019s unit taps a jittery capital market in a surprise plea for funds, sending nervous investors heading for the exit"},"content":{"rendered":"


\nShimao Services Holdings, the management unit of one of China\u2019s largest property developers, is tapping the capital market for funds, a plan that surprised investors who are already jittery over the financial state of China\u2019s indebted developers, causing its shares to tumble.Shimao plans to issue HK$3.11 billion of convertible bonds at a conversion price of HK$18.22 per share, and sell 115 million shares at HK$15.18 to raise a combined HK$4.86 billion (US$624 million), according to two filings\u2026
\n
\nSource : South China Morning Post
\nRead more…Shimao\u2019s unit taps a jittery capital market in a surprise plea for funds, sending nervous investors heading for the exit<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shimao Services Holdings, the management unit of one of China\u2019s largest property developers, is tapping...<\/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-122708","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-vVa","jetpack-related-posts":[{"id":99324,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/with-few-takers-on-the-property-market-jittery-individual-owners-cut-prices-by-up-to-hk800000\/","url_meta":{"origin":122708,"position":0},"title":"With few takers on the property market, jittery individual owners cut prices by up to HK$800,000","date":"October 7, 2018","format":false,"excerpt":"\r Hong Kong\u2019s property market is coming under stress. Jittery individual owners, aware of the risks from rising mortgage rates, turbulent stock market and weakening economic outlook, are offering massive price cuts as they expect sentiment to sour further. Even developers, after cutting prices of brand new flats, have seen\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116890,"url":"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\/","url_meta":{"origin":122708,"position":1},"title":"Vanke, China\u2019s third-largest developer, seeks to ease coronavirus pain by floating additional shares in Hong Kong and raising US$1 billion","date":"June 4, 2020","format":false,"excerpt":"\r China 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103432,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/although-some-analysts-now-predict-home-prices-are-poised-to-rise-in-hong-kong-some-jittery-sellers-just-want-out\/","url_meta":{"origin":122708,"position":2},"title":"Although some analysts now predict home prices are poised to rise in Hong Kong, some jittery sellers just want out","date":"January 29, 2019","format":false,"excerpt":"\r It\u2019s suddenly up for debate in Hong Kong which way home prices will next go. But one thing is clear: some property owners just want out. Take at look at a 18 Ventris Road site in Happy Valley. The owner recently slashed the asking price by 17.6 per cent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123312,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/country-gardens-property-management-unit-sees-share-price-plunge-after-announcement-of-us1-billion-share-sale\/","url_meta":{"origin":122708,"position":3},"title":"Country Garden\u2019s property management unit sees share price plunge after announcement of US$1 billion share sale","date":"November 19, 2021","format":false,"excerpt":"\r A unit of mainland China\u2019s biggest developer has raised HK$8 billion (US$1.03 billion) by selling shares amid a slowdown in equity and property markets, prompting a slump in the share price.Country Garden Services Holdings, the property management arm of Country Garden, sold 150 million shares at HK$53.35 each, according\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6582,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hk-property-shares-prove-bargain-for-some\/","url_meta":{"origin":122708,"position":4},"title":"HK property shares prove bargain for some","date":"March 2, 2016","format":false,"excerpt":"\r Investors turn positive on territory\u2019s developers even as prices in its housing market continue to dip\r \r Source : ft.com\r Read more...HK property shares prove bargain for some","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":122708,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122708"}],"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=122708"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122708\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}