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New World 皇冠体育app plans $600m rights issue

(Agencies)
Updated: 2009-10-10 11:48

New World 皇冠体育app Land, the Chinese property arm of New World Development, is planning a rights issue to raise more than $600 million, three banking sources said on Friday.

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Trading in shares of New World Development and New World 皇冠体育app Land was suspended on Friday afternoon, the Hong Kong exchange said.

No further details were immediately available.

Officials of both companies were not immediately available for comment.