Wind Info: More firms accessing funds from market
By Bi Xiaoning | China Daily | Updated: 2009-08-04 08:12
With the rebound of the A-share market, listed companies have seized the opportunity to raise capital through additional share offerings.
Latest figure from financial provider Wind Info indicated that about 200 listed companies have charted plans for additional share offerings this year. Nearly 60 listed companies have so far raised about 133 billion yuan through share placement.
"It's not a surprise to see so many listed companies firming up plans when the market is rebounding," said Lu Junlong, analyst, China Finance Online. "Due to the sluggish stock market in 2008, many listed companies delayed their fund raising plans."
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