JD Capital invests $98m in Shenzhen property developer
JD Capital has invested RMB600 million ($98 million) in Shenzhen International Enterprise for a 10.42% stake in the Chinese real estate developer.
According to a regulatory filing, Shenzhen International has issued 309 million new shares at RMB10.03 apiece, raising a total of RMB3.1 billion through a private placement. Kang Zhen, Shenzhen International's...
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