Wharf seeks $1.29 billion to invest in China properties

The Hong Kong conglomerate announces a one-for-10 rights issue at a 31% discount to Thursday's closing price.

Wharf (Holdings), a Hong Kong-listed conglomerate, plans to raise HK$10.05 billion ($1.29 billion) through a renounceable rights issue to fund its property investments in the Chinese mainland.

¬ Haymarket Media Limited. All rights reserved.

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