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China: Property giant mulls share placement

Posted on 30 July 2009

From Chinadaily.com.cn: China Merchants Property is planning to raise 5 billion yuan through a private placement of new shares to help finance the acquisition of development land.

This is the latest move in a series of mega capital raising schemes by the country’s leading real estate developers going on an expansion mode to take advantage of the recovering real estate market………Full Article: Source


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