Country Garden: another rocky episode - InvestingChannel

Country Garden: another rocky episode

Shares in Chinese real estate giant Country Garden plunged as much as 11% on Tuesday, after a share placement aimed at raising $300 million was abandoned. The troubled developer had planned to sell 1.8 billion shares at HKD 1.30 apiece, compared with the day’s price hovering around HKD 1.47. The rea…
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