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PR Newswire
20-03-2014, 08:35 PM
One of the remedies for the credit crunch among developers in China...
China developers get approval for private placements
SHANGHAI – Two Chinese property developers said they have received regulatory approvals to make private placements of shares, paving the way for more real estate firms to raise funds after a near four-year ban by authorities on real estate companies from seeking new financing.
Chinese developers Tianjin Tianbao Infrastructure and Join.In Holding received regulatory approval to sell yuan-denominated A shares in private placements, according to separate statements to Shanghai and Shenzhen stock exchanges.
The latest approvals, which come amid growing fears of defaults in the property sector after the collapse of Zhejiang Xingrun Real Estate, will pave the way for more developers to raise capital and alleviate crash crunches.
China stopped allowing developers to raise money by selling shares in April 2010 on concerns that surging home prices were inflating an asset bubble.
...
http://www.todayonline.com/business/chin...placements
China developers get approval for private placements
SHANGHAI – Two Chinese property developers said they have received regulatory approvals to make private placements of shares, paving the way for more real estate firms to raise funds after a near four-year ban by authorities on real estate companies from seeking new financing.
Chinese developers Tianjin Tianbao Infrastructure and Join.In Holding received regulatory approval to sell yuan-denominated A shares in private placements, according to separate statements to Shanghai and Shenzhen stock exchanges.
The latest approvals, which come amid growing fears of defaults in the property sector after the collapse of Zhejiang Xingrun Real Estate, will pave the way for more developers to raise capital and alleviate crash crunches.
China stopped allowing developers to raise money by selling shares in April 2010 on concerns that surging home prices were inflating an asset bubble.
...
http://www.todayonline.com/business/chin...placements
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