HONG KONG : Country Garden Services, the property management unit of China's top developer Country Garden, is selling 150 million new shares at HKUS$53.35 each on Thursday to raise US$1.03 billion, according to a term sheet seen by Reuters.
The number of shares represents 4.5per cent of the enlarged shares and the selling price represents a 9.5per cent discount to the last traded price of HKUS$58.95 on Wednesday. The stock was suspended from trading on Thursday.
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