Shenzhen
Component Index and Shanghai Composite Index advanced for seven
consecutive days. The SZCI peaked at 11,772 after midday, hitting a
fresh high in over three and a half years. It closed at 11,718, up
nearly 1.1%. The SHCI rose to 3,255 at most and finished at 3,246, up
nearly 0.8%. Turnover of the Shanghai and Shenzhen market declined to
RMB 263.3 billion and RMB249.3 billion respectively.
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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