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Can Evergrande get this financing?
Evergrande can obtain this financing. Welcome the first rights issue financing in five years. 10 June 14, the company announced the rights issue financing. According to the allotment plan, a total of 260 million shares will be allotted to several grantees at the price of HK$ 16.5, accounting for about 2.00% of the total issued shares on the announcement date, and the total issued shares will be expanded by about 1 after the completion of the new share issuance.
It is expected that the total proceeds from the placing and the net proceeds will be about HK$ 4,306,543.8 million and HK$ 4,256 million respectively, and it is planned to use the proceeds from the placing for refinancing the existing debts and general working capital of the Group.
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