Bloomberg News

New World China Land Plans HK$4.3 Billion Rights Share Offer

October 17, 2011

Oct. 18 (Bloomberg) -- New World China Land Ltd. plans to raise as much as HK$4.3 billion through an offer of rights shares, according to a statement to the Hong Kong stock exchange.

New World China Land will issue one rights share for every two shares held by shareholders for HK$1.49 each, the statement said. The trading of the shares on an ex-rights basis will begin on Nov. 28, the statement said.

To contact the reporter on this story: Billy Chan in Hong Kong at bchan101@bloomberg.net

To contact the editor responsible for this story: Gregory Turk at gturk2@bloomberg.net


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