Sent to you by MarcG via Google Reader:
via EdgeSingapore RSS on 6/17/09
Yanlord Land Group, the Chinese property developer, is seeking to raise $525 million by selling shares and convertible bonds to fund investments in China.
Yanlord, listed in Singapore, plans to sell 120 million shares at $2.08 apiece for a total of $250 million, according to a statement to the city's stock exchange today. That's a 10 % discount to the last traded price of $2.31 before the stock was halted from trading yesterday.
The company will also sell $275 million in five-year convertible bonds with a conversion price of $2.62. Yanlord may sell an additional $100 million of bonds, according to the statement.
{jcomments on}
Things you can do from here:
- Subscribe to EdgeSingapore RSS using Google Reader
- Get started using Google Reader to easily keep up with all your favorite sites
No comments:
Post a Comment