Pros with long memories may avoid Kerry offering

Article Abstract:

Kerry Properties will issue 150 million new shares in Aug. 1996 that are expected to raise between $374.7 million and $413.5 million. The company, part of the huge business empire of Malaysian tycoon Robert Kuok, is being promoted as Hong-Kong and China real-estate play. Kerry's property portfolio is reported to be of a fairly high quality, but some potential investors are uncertain whether or not they should participate in the deal. They are worried that Kerry Properties will prove to be as disappointing as Kuok's other quoted vehicles.

Real Estate, Real Estate and Rental and Leasing, Kerry Properties

---

Sino Land pays premium for aggressive bidding tactics

Article Abstract:

High debt-to-equity ratio has hindered Sino Land Co from taking advantage of vast investment opportunities in the market. As one of Hong Kong's debt-stricken real estate developers, Sino Land's growth has been hindered by its susceptibility to market pressures and investor panic. The company reported a 45% decline in share prices during early 1997, and posted debt-to-equity ratio below the 25% level. Conditions are further aggravated by recent reports which allege that Sino Land failed to issue loan payments to a particular bank.

Land Subdivision and Land Development, Subdividers & Developers, Subdividers and Developers, Economic aspects, Stock-exchange, Stock exchanges, Sino Land Company Ltd.

---

Similar abstracts:

• Abstracts: Hong Kong media firms air differences in public. Pearson pays $168.1 million for TVB stake. TVB, Hindustan Times, Pearson join to produce programs in India
• Abstracts: Indonesia may use 4 firms to manage overseas offering. Lukewarm reception for Telkom's IPO after offer is scaled back is bad omen
• Abstracts: Indonesia, with eye on global offering, picks four to operate phone concessions. Bumpy road to the listing of Indonesia's Telkom offers guidance for future Asian privatizations
• Abstracts: Vote in the valley: Kashmir and Delhi prepare for assembly polls. Promises, promises: will Rao keep his pledge to hold polls in Kashmir?
• Abstracts: APEC rolls up its sleeves. Reversal of fortune returns nation to days of malaise

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.