Beijing North Star shares surge on plan to raise 2.5b yuan through A-share issue

Shares of Beijing North Star jumped 45 per cent soon after the Hong Kong market opened on Friday after the developer announced a plan to raise 2.5 billion yuan (HK$3.16 billion) by issuing new A shares to no more than 10 investors, including its major shareholder.

via South China Morning Post - Business feed http://ift.tt/1GRhkOW