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tài xỉu kiếm tiền(www.vng.app):Tycoon offers US$650mil Country Garden Services stake

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HONG KONG: Chinese property tycoon Yang Huiyan is seeking to raise about US$650mil (RM2.8bil) by cutting her stake in Country Garden Services Holdings Co.

The billionaire’s investment vehicle is offering shares in Country Garden Services at a fixed price of HK$21.33 (RM12.06) apiece, according to terms for the deal obtained by Bloomberg.

The offer price represents a 10.9% discount to its closing price last Friday in Hong Kong.

Yang is co-chairman of Country Garden Holdings Co, the Chinese developer founded by her father, and chairman of its property management spinoff Country Garden Services.

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The 41-year-old has an estimated net worth of US$11.2bil (RM49.3bil), according to the Bloomberg Billionaires Index.

She’s seeking to take advantage of a rally in Country Garden Services over the past week.

Shares of the company are still down 49% in Hong Kong trading this year, giving it a market value of HK$80.8bil (US$10.4bil or RM46bil).

Yang’s holding company has agreed not to sell any further shares in Country Garden Services for 90 days after the transaction. — Bloomberg


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