IN BRIEF (Page 15)
China Daily | Updated: 2010-05-18 07:43
Property share price slumps
China Merchants Property Development Co said last Thursday it would scrap its 4 billion yuan share placement plan due to a slump in its stock price triggered by government tightening.
The mid-sized property developer is the latest casualty of weakening stock markets in the region, with Swire Properties pulling its $2.7 billion initial public offering in Hong Kong and China's New Century Shipbuilding withdrawing its Singapore IPO this month.
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