Agile's HK$2.8b rights offer cancelled
Hong Kong
AGILE Property Holdings Ltd, the Chinese developer whose shares have been halted since Oct 3, said it will not proceed with a HK$2.8 billion (S$461 million) rights offering.
It has not gone ahead with the sale according to the timetable pending the release of a statement concerning insider information, it said in an announcement to the Hong Kong stock exchange. The agreement with banks to arrange the sale will lapse as a result and the offering won't proceed, it added.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Singapore office rents in central region fall 1.7 per cent in Q1 after rising for 9 quarters
Singapore retail rents slip 0.4% in Q1 as vacancy rates creep up
Country Garden plans to present debt revamp plan in H2, sources say
Hong Kong home prices rise for first time in 11 months after curbs scrapped
HDB resale prices accelerate, rising 1.8% in Q1 on stronger demand
Private home prices ease to 1.4% rise in Q1; rents fall a further 1.9%