Caixin Global reported on December 6 that 15 publicly traded Chinese real estate companies announced their plans to sell new shares. This is given the fact that China’s securities regulator eased restrictions on equity funding for the struggling industry.

The issuers include:

* Shimao Group Holdings Ltd., 

* China Vanke Co. Ltd., 

* Zhuhai Huafa Industrial Holdings Co. Ltd.,

* China Fortune Land Development Co. Ltd.,

* Shanghai Lujiazui Finance & Trade Zone Development Co. Ltd., 

* China Merchants Shekou Industrial Zone Holdings Co. Ltd.

The developers said they would use proceeds to finish projects, increase liquidity and repay obligations.

Last month, Country Garden Holdings and Agile Group Holdings were the first two property developers to announce their capital-raising plans.

While the former will raise HK$3.9 billion ($0.5 billion), the latter expects to attract HK$783 million ($100 million). Both of them will sell their stock at a similar discount, 18%.

In recent months, the government has taken different steps to defuse the property crisis, including lowering interest rates, urging major banks to extend 1 trillion yuan ($140 billion) of financing in the final months of the year, and providing special loans through policy banks to ensure property projects are delivered.Victoria Lloyd, a partner in Baker McKenzie’s capital markets practice in Hong Kong, said, “The slew of easing measures in the real estate sector announced by the Chinese government last week, which was seen as a positive move by the market, presented a timely window for real estate companies to raise funds.”

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