“With all signs pointing to the Chinese Government allowing key changes in financial legislation, all eyes are on property developers as they announce major share issues to underwrite large projects. The main targets of investor interest are Shenyang based...
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“With all signs pointing to the Chinese Government allowing key changes in financial legislation, all eyes are on property developers as they announce major share issues to underwrite large projects. The main targets of investor interest are Shenyang based Sundy Land Development Co. and China Merchants Development Co. , two of the largest such companies in the Peoples Republic of China,” explained James Carter, Senior Vice President of Mergers and Acquisitions at Abney Associates.
Sundy Land has hinted their intentions to offer a private placement parcel with a valuation of some 1.5 billion Yuan ($245 million), the capital from which will be used in construction of two large housing projects. This news follows last week’s announcement by Xinhu Zhongbao Co. of their decision to raise 5.5 billion Yuan in private placement trading in order to fund several large-scale real estate projects.
“This is all coming together at an ideal juncture for the Chinese property market, the Gove
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