First introducing the three red lines in late 2020, the government has begun shifting its stance. In this note, we looked at how some larger developers fared against the three red lines criterion.
Clarence has highlighted this Insight as a Top Pick
Boomeranged on Mon, 31 Jul 2023 21:54
Country Garden Holdings just launched a primary placement to raise US$300m, at a fixed 17.7% discount to last close. Proceeds will be used to repay debt. This could potentially get the ball rolling for a number of other troubled developers to come to markets with their own raisings.
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