{"id":123312,"date":"2021-11-19T15:54:55","date_gmt":"2021-11-19T08:54:55","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/country-gardens-property-management-unit-sees-share-price-plunge-after-announcement-of-us1-billion-share-sale\/"},"modified":"2021-11-19T16:04:13","modified_gmt":"2021-11-19T09:04:13","slug":"country-gardens-property-management-unit-sees-share-price-plunge-after-announcement-of-us1-billion-share-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/country-gardens-property-management-unit-sees-share-price-plunge-after-announcement-of-us1-billion-share-sale\/","title":{"rendered":"Country Garden\u2019s property management unit sees share price plunge after announcement of US$1 billion share sale"},"content":{"rendered":"


\nA 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 to a filing to the stock exchange. That was a discount of 9.5 per cent to the closing price of HK$58.95 on Wednesday, before the announcement.\u201cThe property market is tough\u2026
\n
\nSource : South China Morning Post
\nRead more…Country Garden\u2019s property management unit sees share price plunge after announcement of US billion share sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A unit of mainland China\u2019s biggest developer has raised HK$8 billion (US$1.03 billion) by selling...<\/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-123312","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-w4U","jetpack-related-posts":[{"id":119516,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/country-garden-services-seeks-us1-billion-from-stock-placement-with-eyes-on-acquisition-opportunities\/","url_meta":{"origin":123312,"position":0},"title":"Country Garden Services seeks US$1 billion from stock placement with eyes on acquisition opportunities","date":"December 11, 2020","format":false,"excerpt":"\r Country Garden Services Holdings, the property management arm of mainland Chinese developer Country Garden, plans to raise HK$7.78 billion (US$1 billion) from the sale of new shares, which it plans to use to fund potential mergers and acquisitions.The company is placing 173 million shares at HK$45 each, according to\u2026","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":123312,"position":1},"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":119305,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/china-evergrandes-property-management-arm-launching-us2-billion-ipo-as-developer-seeks-to-pare-massive-debt\/","url_meta":{"origin":123312,"position":2},"title":"China Evergrande\u2019s property management arm launching US$2 billion IPO as developer seeks to pare massive debt","date":"November 22, 2020","format":false,"excerpt":"\r Evergrande Property Services, a unit of mainland China\u2019s largest and most indebted developer China Evergrande Group, is looking to raise up to HK$15.8 billion (US$2.04 billion) from an initial public offering in Hong Kong next week, a move that will allow its parent to pare back its massive debt.The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122708,"url":"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\/","url_meta":{"origin":123312,"position":3},"title":"Shimao\u2019s unit taps a jittery capital market in a surprise plea for funds, sending nervous investors heading for the exit","date":"October 20, 2021","format":false,"excerpt":"\r Shimao 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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":74598,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/stock-in-chinas-sunac-plunges-after-it-seeks-to-raise-us1-billion-through-share-placement\/","url_meta":{"origin":123312,"position":4},"title":"Stock in China\u2019s Sunac plunges after it seeks to raise US$1 billion through share placement","date":"December 15, 2017","format":false,"excerpt":"\r Shares of property developer Sunac China Holdings slumped by as much as 10 per cent on Friday after it said it would raise HK$7.82 billion (US$1 billion) through a share placement. The firm, chaired by billionaire Sun Hongbin, has agreed to sell 251.5 million shares at HK$31.1 each, an\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60106,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sunac-china-shares-plunge-on-leecos-worsening-crisis\/","url_meta":{"origin":123312,"position":5},"title":"Sunac China shares plunge on LeEco\u2019s worsening crisis","date":"July 7, 2017","format":false,"excerpt":"\r Shares of Sunac China slumped in Hong Kong on Friday as investors fear that the developer could suffer a big loss from its 15 billion yuan (US$2.2 billion) bet on the cash-strapped LeEco Group, and would be forced to take over operations of the group\u2019s core business. Sunac shares\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\/123312"}],"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=123312"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/123312\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=123312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=123312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=123312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}