Deutsche
Bank released a report and cut the GDP forecasts of China to 7.3% for
2014 and 7% for 2015, reflecting the slowdown in the growth of property
investment. Property sales remained subdued in September. In view of the
previous housing cycles, the turning point of property sales preceded
property investment by around seven months. Hence, it is expected that
the property investment in Mainland will experience a further slowdown,
at least into mid-2015.
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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