Debt-ridden property developer Yuzhou to raise $1.5 bln

Yuzhou group Co

31/10/2024 23:17

Nov 1 (Reuters) - Shanghai-based property developer
Yuzhou Group  1628.HK  said on Friday it will raise around
HK$12.01 billion ($1.54 billion) while it is in the middle of
restructuring its offshore debts. 
    The company will issue 5.65 billion existing shares at
HK$2.127 apiece. 

($1 = 7.7739 Hong Kong dollars)

 (Reporting by Sneha Kumar; editing by Alan Barona)
 ((Sneha.Kumar@thomsonreuters.com))