On
the opening day of the Chinese People's Political Consultative
Conference (CPPCC), Shenzhen Component Index and Shanghai Composite
Index plunged to 11,526 and 3,263 at market's close, down 3% and 2.2%
respectively. ChiNext Index also receded 1.3%, snapping its previous
gains. Turnover of Shanghai and Shenzhen markets continued to gain
RMB441.5 billion and RMB406.3 billion.
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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