HSI Falls 116 pts; Domestic Stocks Soften
The U.S. stocks retreated. Hang Seng Index opened down 215 pts or 1% this morning but it saw support at the level of 21,600. The index once rebounded but turned down again after the midday. It last stood at 21,755, down 116 pts or 0.5%. Hang Seng China Enterprises Index dropped 32 pts or 0.3% to 9,634. The turnover increased by $20 billion in the last ten minutes of trading hours today and the full-day amount was $74.855 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...
RS Macalline (01528) to issue US$300m guaranteed bonds Red Star Macalline (01528) said it agreed to issue 3.375% notes due 2022 in the aggregate principal amount of US$300 million. The company currently intends to use the net proceeds to invest in the development of certain of the Group's portfolio shopping malls, purchase properties for the Group's operational use, invest in or acquire participants in the home improvement and furnishings business or related businesses, replenish working capital of the Group and apply to general corporate purposes of the Group. ...
ShiFang to cooperate with Yongtai Govt for township project ShiFang Holding (01831) said it entered into a strategic cooperation framework agreement with the People's Government of Yongtai County, Fuzhou City, Fujian Province, the PRC. Yongtai Government agreed to form a long-term strategic cooperation with Shifang regarding the development and operation of a theme town located in Yongtai County featuring an integrated development of film studios, multi-purpose resort and eco-tourism park and guest accommodation. The township project mainly involves the design, construction, development and operation by Shifang o...
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