Morgan Stanley stated that the recent share price decline of FOSUN INTL (00656.HK) +0.450 (+5.096%) Short selling $13.66M; Ratio 16.975% resulted in more attractive valuation. Since the company has a high gearing ratio and primarily RMB debt, it is a beneficiary of the rate cut. In addition, the Hainan Mining IPO was priced higher than the upper range, higher than the estimates
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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