HK-listed property developer China Aoyuan jumps on securing new investor

Henderson Land Development Co

28/09/2021 04:41

** Shares of China Aoyuan Group Ltd  3883.HK  jump as much
as 7.9% to HK$4.08, their highest since Sept. 16, on track to
snap two straight sessions of declines
    ** Guangdong, China-based developer says it will sell 107.9
mln new shares to an independent third party Successful Lotus,
raising HK$400 mln for working capital  urn:newsml:reuters.com:*:nFWN2QT04J
    ** Aoyuan says it will also sell 161.8 mln new shares to its
major shareholder Joy Pacific for HK$600 mln  urn:newsml:reuters.com:*:nFWN2QT0KN   
    ** Successful Lotus, owned by Henderson Land Development
 0012.HK  co-chairman Lee Ka Kit, will hold 3.64% of the Chinese
developer after the deal 
    ** Henderson Land stock rises 2.1% 
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  jumps 3.8%, and the Hang Seng Composite Index tracking
properties and construction stocks  .HSCIPC  surges 4.1%
    ** The Hang Seng China Enterprises Index  .HSCE  rises 2.3%
and the benchmark index  .HSI  up 1.6%
    ** Aoyuan stock fell 49.1% this year, as of last close

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))