Property developer China Vanke raises nearly $500m in Hong Kong share sale

Property developer China Vanke raises nearly $500m in Hong Kong share sale

FILE PHOTO: A person walks past by a gate with a sign of Vanke at a construction site in Shanghai, China, March 21, 2017. REUTERS/Aly Song

Major property developer China Vanke Ltd said on Thursday it had raised HK$3.92 billion ($499 million) in a share placement in Hong Kong, in the first test of investor appetite towards a mainland developer share sale in 2023.

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