China National Coal Association(CNCA)'s chief Wang Xianzheng said the authority will strive to get the coal price to return to a rational level so that the thermal coal price can rise back to around RMB0.1-0.12/Kcal. It is estimated that in order to reach the aforesaid level, the current coal price has to go up 14.11%-24.48%.
UCD (01599) plans to raise Rmb600m from A shares issue Beijing Urban Construction Design & Development Group (UCD) (01599) said it proposes to apply for initial public offering of Renminbi ordinary shares and listing. The number of public issuance of shares amounts to not more than 149.86 million shares. The issuance price of A shares shall not be lower than Rmb2.91 per share. The total proceeds raised from the issuance of A shares amount to Rmb600 million, which will be used for upgrading and reconstructing project of the design centre, the national engineering...
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