JP Morgan said in its latest research report that YANZHOU COAL (01171.HK) -0.010 (-0.164%) Short selling $18.32M; Ratio 19.019% 's
impressive results were related to a significant reversal of accrued
safety expenses. The research house said due to recent policy measures,
coal prices have seen bottom with spot prices already up 3% above the
3Q's reading. The company's Overweight rating was kept with a target
price of $10.7.
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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