29-12-2014, 10:00 AM
Story on the announcement shared above...
http://businesstimes.com.sg/companies-ma...tment-corp
OUE Lippo to subscribe for 2.9b shares in Gemdale Properties and Investment Corp
By
Claire Huanghuangjy@sph.com.sg@ClaireHuangBT
28 Dec11:29 PM
OUE Lippo Ltd - a subsidiary of mainboard-listed real estate owner, developer and operator OUE Ltd - has entered into a conditional subscription agreement to subscribe for 2.9 billion new ordinary shares in Hong Kong-listed Gemdale Properties and Investment Corporation Ltd (GPI) at an issue price of HK$0.52 per share, amounting to about HK$1.508 billion (S$257 million)
http://businesstimes.com.sg/companies-ma...tment-corp
OUE Lippo to subscribe for 2.9b shares in Gemdale Properties and Investment Corp
By
Claire Huanghuangjy@sph.com.sg@ClaireHuangBT
28 Dec11:29 PM
OUE Lippo Ltd - a subsidiary of mainboard-listed real estate owner, developer and operator OUE Ltd - has entered into a conditional subscription agreement to subscribe for 2.9 billion new ordinary shares in Hong Kong-listed Gemdale Properties and Investment Corporation Ltd (GPI) at an issue price of HK$0.52 per share, amounting to about HK$1.508 billion (S$257 million)