Gaw Capital as a new financial investor subscribing (i) Actions Rights higher than Market with locking, and (ii) 4 years Unsecured Note Senior
$ 9 billion HK Asset elimination program to restrict the presentation of NAT and strengthen the actions of shareholders
Hong Kong,, February 3, 2025 / Prnewswire / – CSI Properties Limited (“CSI” or the “Group”) (stock market code: 497) is pleased to announce a fundraising of approximately HK $ 1.5 billion Through a program of actions rights and a program of a HK $ 500 million Note from senior not guaranteed to Gaw Capital, to strengthen equity and the shareholder working fund. This proposal will introduce a new financial investor with global institutional expertise and will improve The resilience of our assessment for current economic challenges. Through a committed $ 9 billion HK Active asset elimination program, we aim to reduce our discount on the NAV on our course of action and to position the company for future growth opportunities in the changing landscape of the market.
Key factory facts
- Fundraising approximately $ 2 billion HK To strengthen the balance sheet to bring out the challenges of the current market.
Total fundraising of approximately $ 2 billion HK will be made up of new equity of approximately HK $ 1.5 billion of the question of rights and another HK $ 500 million In a higher note not guaranteed to be provided by Gaw Capital, which is a historic fundraising in this difficult capital market. The fundraising should strengthen our balance sheet and our financial situation, providing for support for the working fund to current projects, as well as for retirement and the refinancing of our debt obligations in current difficult times. The management will strive to maintain a continuous dialogue with all the stakeholders concerned in order to find an appropriate balance on the use of the product of this fundraising. - Fund collection led by shareholders’ control and GAW CAPITAL via the prime rights issue at the last closing course.
To demonstrate confidence, the question of rights will be assessed at a bonus at the last closing course. This reflects the strong belief of our control shareholders and our new Gaw Capital strategic investors in the unlocking of hidden shareholders, the value of the significant delivery to NAP and the long -term fundamental increase in CSI. - The control of shareholders directs the fundraising with $ 400 million HK engaged and will remain the largest shareholder without any change of control after that approximately $ 2 billion HK Total collection.
The president of the presidential presidents, Chung, will be subscribed $ 400 million The value of rights actions, in addition to the participation of Gaw Capital, demonstrating their commitment to the future of our group. - Bonus mandates program to give shareholders the opportunity to participate in the future CSI increase
For ten new consolidated shares, a bonus mandate will be issued with a conversion price of HK $ 0.22 In a single ordinary actions, giving shareholders the opportunity to participate in the future of CSI. - The new investor Gaw Capital will provide a capital commitment and a new perspective of institutional investors.
The introduction of Gaw Capital as an investor will contribute to $ 758 million HK in new land capital and an additional senior not guaranteed to HK $ 500 million. In addition, our current management team is looking forward to working with Gaw Capital to take advantage of their global network and institutional expertise in our main strategic decisions. While the control and management of CSI will remain unchanged, we believe that Gaw Capital will become a precious and strategic trading partner. - Gaw Capital has committed to a four -year -old lockdown–up to show his commitment to the future of CSI, subject to the market and othis conditions
Locking is a strong testimony of the shareholder and the control management team in CSI management via the current difficult market. In addition, locking will help avoid market volatility on the price of our shares. - Strong commitment to an asset elimination program of $ 9 billion HK to restrict the evaluation delivery.
The management team and the capital GAW are engaged in a $ 9 billion HK Asset elimination program of our main assets in residential and commercial properties over the next 4 years, and will actively seek means to increase and unlock the value of shareholders. - The question of rights will be anchored by our president as an audience controlling and leader of the International Real Estate Capital International Gaw Capital, in addition to the subscribing VMS which fully underlies the balance of all rights by increasing approximately HK $ 1.5 billion.
The question of rights will allow existing shareholders to invest them in the future of CSI with our president and Gaw Capital. Gaw Capital is a main real estate capital-investment company in the Asia-Pacific and other global markets and currently managing on 35.8 billion dollars In alms.
“We are delighted to welcome Gaw Capital as a real trading partner from the angle of their global expertise and to look at the point of view of institutional investors.” The president of the CSI, Chung, commented. “I am firmly determined to remain the main control shareholder and this fundraising exercise will not cause any change of control. Indeed, I am grateful for the confidence of Gaw Capital in me and in our management.”
Kenneth GawThe president and managing director of Gaw Capital Partners, said: “Gaw Capital enhances the possibility of collaborating with the CSI properties as a strategic action, with which she experienced a commercial relationship dating from 2012. CSI properties hold a portfolio high quality with a majority of quality residential and commercial assets in Hong Kong. The synergies we create, will sharpen our competitive edges in the management of assets. We believe that with joint efforts, Gaw Capital will be able to advance sustainable growth and navigate Hong Kong. “”
CSI’s management wishes to exercise our sincere gratitude to all our shareholders and partners for their continuous support. This strategic fund collection exercise, as well as collaboration with our new strategic capital of investor GAW, strongly testify to the growth and long -term development of CSI.
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About CSI Properties Limited (Sehk: 497)
CSI Properties Limited is registered on the Hong Kong Stock Exchange. CSI has succeeded in taking advantage of the strength of its management in identifying strategically located properties and reconditioning and repositioning them to improve rental performance, thus bringing the improvement of the value of capital.
CSI Group currently has and manages a number of main investment properties in Hong Kong,, Shanghai And BeijingIncluding all stores on the ground floor of Capital Center in Wanchai; 30% interest in a commercial office at n ° 38 WAI YIP Street in Kowloon bay; Lower F&B Floors at LL Tower, n ° 2-4 Shelly Street, Central: The Foco Building at Nos. 46 and 48 Cochrane Street, Soho, Central; New commercial building at NOS 92-96 Wellington Street, commercial development site at and our 152-156 Wellington Street, central; 51% intertesto on the site of the ex-inovotel Hotel (redeveloped) in Prime West Kowloon; 25% interest in the Harborside headquarters in Kowloon bay; Hong Kong Health Check Tower in Prime West Kowloon; Two floors of the Rua Do Campo Broadway Center in the city center MacaoAnd The In Point and Richgate Plaza, two main retail arcades Shanghai.
About CSI properties (Homes Couture) Limited
CSI Properties (Homes Couture) Limited is the subsidiary in property Hong Kong and the PRC. With haute couture (the tradition of personalizing custom -made clothes for privileged customers) as a blue printing concept, CSI Properties (Homes Couture) Limited is specialized in the development of special residences designed to order for private customers . CSI Properties (Couture Homes) Limited actively extends its presence on the luxury real estate market, in addition to Dukes Place, Cadenza and 8-12 Peak Road, other developments in progress include project n ° 44 Stanley Village Road, Repulse Bay Road project, High Peak au Po Shan Road Project, Topside Residence at Nathan Road Project, Phase 5 Wong Chuk Hang Project, Yau Tong Project and Luxury Apartments Development called Knightsbridge located in the heart of the Beijing Dongcheng district city.
About Gaw Capital Partners
Gaw Capital Partners is a key capital management company only positioned by focusing on real estate markets in Asia-Pacific and other barrier markets high in the world. Specializing in the addition of strategic value to real estate underused by the overhaul and repositioning, the investment of the company cover the entire spectrum of the real estate sectors, including residential development, commercial offices, centers commercial, hospitality, logistics warehouses and IDC projects.
Since its creation in 2005, Gaw Capital has collected seven targeting funds Asia-Pacific regions. The company also manages value-added / opportunistic funds in the United States, a Pan-Asia reception fund, a European reception fund, a capital fund, and it also provides credit investment services and direct investment of separate account worldwide.
Gaw Capital has raised the equity of $ 22.9 billion since 2005 and ordered assets of 35.8 billion dollars under the direction during the third quarter of 2024.
For requests, please contact:
CSI Properties Limited:
M. Joseph Fung
Tel: (852) 2878 2813
Mobile: (852) 9191-1435
Fax: (852) 2536-9312
E-mail: joseph@csigroup.hk
Group of intelligent joy (public relations company)
Grace GE /Anne Lin
Tel: (852) 3594 6407 / (852) 9828 9929
E-mail: pr-team@inintelligentjoy.com
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Source CSI Properties Limited
