China's Country Garden plans $500m share placement

China's Country Garden plans $500m share placement

Visual from the company website featuring Country Garden — Ten Miles Coast project at HK Shengzhen Metropolis International Coastal City

Chinese property developer Country Garden Holdings said on Tuesday it plans to sell HK$3.92 billion ($500 million) worth of shares in a share placement, raising capital to refinance existing offshore indebtedness and for general working capital.

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