Hong Kong, March 02, 2015 -- Moody's Investors Service says that Joy City Property Limited's (unrated) proposed rights issue is credit positive for its parent, COFCO (Hong Kong) Limited. However, the rights issue will not immediately impact COFCO HK's A3 issuer rating or stable rating outlook, because the increase in the parent's equity base -- if the rights issue goes ahead -- will be insignificant for COFCO HK.

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