China Merchants Property wins approval for US$1.17b share issue

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Thursday, August 28, 2008 13:56:54

	China Merchants Property wins approval for US$1.17b share issue By STAFF EDITOR Published: July 01, 2008 07:05 PM China Merchants Property Co (CMPC) (000024.SZ) said Monday that it had received approval from the securities regulator to issue US$1.17 billion (RMB8 billion) additional shares to purchase land and fund new property projects, the Oriental Morning Post reported. The company plans to acquire six land plots from its controlling shareholder, China Merchants ... You are currently reading 53 words of 163 total words in this article. To continue reading this article, you must be a subscriber. Log in now. Buy this article now for $10 USD. Not a subscriber? Start your 7-day free trial now. bookmark \| digg \| Permalink \| Tell a Friend Tags for this article: investment , US , real estate , capital market	More Articles in Stock Markets > Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. RELATED ARTICLES > Hunan Publishing to list units Centergate Tech profit up 281% to US$16m Zhejiang businessman draining capital from financial markets Gemdale’s RMB8.5b share offering blocked Dadi Group moves closer to backdoor listing after Powerise sale Shanghai property developer calls off new share offering Saving the market would be saving China’s economy

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