Friday, August 27, 2010
Guocoland
Guocoland: Proposing 1-for-3 rights issue at $1.80 to raise $532.5m for the group to pursue opportunites, likely to be in China where the group intends to double its investments to US$1bn in new commercial projects. The new investments wil focus on integrated projects in major cities like Beijing & Shanghai. The company is also keen to expand its landbank.
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