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Realty firms' share issues put on hold

By Li Xiang, Mao Lijun and Wang Bo | China Daily | Updated: 2010-04-28 07:47

Impact on economy yet to be assessed, say analysts

BEIJING - Plans by real estate companies to raise capital through share issues face a moratorium amid the government's efforts to curb run-away housing prices.

Stock issue plans submitted by 45 such companies, amounting to 110 billion yuan ($16 billion), could be affected, sources close to the China Securities Regulatory Commission (CSRC) told China Daily.

Realty firms' share issues put on hold

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