Morgan Stanley raised CSR (01766.HK) 0.000 (0.000%) 's
2014-2015 earnings forecasts by 11% and 6%, and lifted its target price
from $8.4 to $9.3 to reflect the robust results in the third quarter.
Rating was maintained at Overweight as the broker expected that the
company might benefit from the potential integration of the industry.
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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