Property giant mulls share placement
By Bi Xiaoning | China Daily | Updated: 2009-07-29 07:59
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China Merchants Property showcases apartment buildings at an exhibition in Shanghai recently. Property prices in 70 major cities were up 0.8 percent in June, according to the NDRC. CFP |
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.
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