CCTV.com - CNTV English - CCTV News


Homepage > News > Biz >

China Resources Land mulls share sale

08-05-2010 14:12 BJT

China Resources Land Ltd has invited investment banks to underwrite a new share issue to raise about $700 million for the acquisition of projects from its parent company, a newspaper reported on Thursday.

The Chinese property developer was considering raising funds through either new shares or debt but was more in favour of a share issue, the Ming Pao Daily said.

China Resources officials were not immediately available for comment.

The company said in a statement on Thursday that it was not aware of any reasons for the decrease in its share price on Wednesday and there was no price-sensitive disclosable information.

Rival developer Poly (Hong Kong) Investments Ltd plans to raise HK$3.46 billion ($445 million) from a share sale to fund investments including additions to its land bank, while Country Garden Holdings Co Ltd plans a $400 million notes issue due in 2015 to fund projects.

Editor:Xiong Qu |Source: China Daily

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program