Total 23 Chinese homebuilders plan to raise 95.8 bn yuan via private placements after authorities lifted ban – research
COMPANY NEWS DATA REAL ESTATE STOCKS
Total 23 Chinese homebuilders plan to raise 95.8 bn yuan via private placements after authorities lifted ban – research
COMPANY NEWS DATA REAL ESTATE STOCKS

Total 23 Chinese homebuilders plan to raise 95.8 bn yuan via private placements after authorities lifted ban – research

 

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As of June 27, a total of 23 listed Chinese property developers had disclosed plans for private placements of stocks, including 11 state-owned developers, 10 private developers, one mixed-ownership developer and one foreign-invested developer, and the developers planned to raised a total of about 95.78 billion yuan, according to data released by E-House China R&D Institute. 

That came after Chinese regulators last November lifted a six-year ban on listed property developers’ equity financing in a move to rescue the struggling industry.

Since June this year, five developers including CCCG Real Estate, HuBei Fuxing Science and Technology, Greattown Holdings, Shanghai Lujiazui Finance & Trade Zone Development and Poly Developments and Holdings have announced that they have received approval from stock exchanges for their proposed private placements.