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China to suspend share issues by property firms

Posted on 29 April 2010

From Reuters: China will slap a moratorium on domestic share issues by real estate firms as part of a broader campaign to rein in surging property prices, potentially blocking $16.1 billion in capital raising, state media said on Wednesday.
The move could delay plans by 45 Chinese companies to raise a total of about 110 billion yuan through share sales, unidentified sources close to the China Securities Regulatory Commission told the China Daily………………………………….Full Article: Source

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