Rights issue offers way forward for Franshion Properties

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clpstaff &clp articles

China-based Franshion Properties plans to sell shares worth HK$2.72 billion by way of a rights issue.The Hong Kong-listed real estate developer of Sinochem…

China-based Franshion Properties plans to sell shares worth HK$2.72 billion by way of a rights issue.

The Hong Kong-listed real estate developer of Sinochem Corporation is the latest issuer to use 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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