Gemdale Properties selling 28pc stake for HK$1.82 billion

Gemdale Properties will issue 28 per cent of its enlarged share capital to two investors for HK$1.82 billion, or 52 cents per share, to finance existing projects, the Hong Kong-listed developer said on Sunday.

via South China Morning Post - Business feed http://www.scmp.com/business/companies/article/1670386/gemdale-properties-selling-28pc-stake-hk182-billion