Deals & Dealmakers - 10th March 09

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    Franshion Properties rights issue

    Rights issue offers way forward for Franshion Properties
    China-based Franshion Properties plans to sell shares worth HK$2.72 billion (US$349 million) by way of a rights issue.

    The Hong Kong-listed real estate developer of Sinochem Corporation is the latest issuer to utilise the rights issue option, which allows a company to raise funds and avoid fluctuations in interest rates – unlike with bank loans or the sale of debt.

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