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Chinese developers raise share cash

Developer Agile has become the third Hong Kong listed Chinese developer to raise cash from its shareholders in a $210m rights issue.

In August Country Garden tapped investors for $410m and this month Yuexiu raised $490m.

Barclays has estimated that net gearing in the sector will rise from 73% in 2013 to 82% by the year-end.

Financial Times, 34

 

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