Property giant Country Garden plans to raise HK$15.5bn ($2bn) via a share sale and a convertible bond issue. Proceeds from the issuance will be used to fund merger and acquisition projects. The share sale by the property management arm would amount to HK$10.5bn ($1.35bn) at HK$75.25/share. Convertible bonds would fill the remaining HK$5bn ($650mn) of the issuance with a conversion price of HK$97.83/share.
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