Hammerson falls to four-year low on £551.7m rights issue proposal
The JSE-listed property group's shares tumble 16.46%
06 August 2020 - 08:49
Hammerson’s share price fell the most in four years after the company said it plans to raise £551.7m (R12.5bn) in rights issue and sell assets.
The JSE-listed property group, which has assets in the UK and Europe, dropped 16.46% to close at R10.61. The stock has lost more than three-quarters of its value so far in 2020. ..
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