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CSI Properties ( (HK:0497) ) just unveiled an update.
CSI Properties Limited has announced a strategic fundraising initiative to raise approximately HK$1,992 million. The initiative is led by the controlling shareholder and Gaw Capital, which will become a long-term strategic investor in the company. This fundraising will be achieved through an underwritten rights issue and the issuance of a senior unsecured note, providing new capital for the company’s future growth without changing the company’s control structure. The rights issue is priced at a premium to prevent price dilution, allowing all shareholders to participate in the company’s growth alongside Gaw Capital.
More about CSI Properties
CSI Properties Limited is a company incorporated in Bermuda with limited liability, primarily involved in real estate investment and development. The company focuses on strategic partnerships and investments in the Asian property market and other major international markets.
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