www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Companies

Wanda Commercial to issue $1.9 billion in A-shares

By Zhang Jie (chinadaily.com.cn) Updated: 2015-07-03 17:48
Wanda Commercial to issue $1.9 billion in A-shares

View of a Wanda Plaza of Dalian Wanda Group in Nanjing city, East China's Jiangsu province, Dec 23, 2014. [Photo/IC]

The Hong Kong-listing property developer Dalian Wanda Commercial Properties Co, hopes to raise up to 12 billion yuan ($1.9 billion) in the Chinese A-share market next year.

Wanda Commercial will seek approval from shareholders, the China Securities Regulatory Commission and other authorities for the proposed issue of up to 300 million yuan-denominated A shares, which will then be listed in either Shanghai or Shenzhen, it said in a filing to the Hong Kong bourse on Friday.

Wanda's fund-raising plan comes as China's Shanghai Composite Index tumbled almost 28 percent from its June 12 peak, evaporating at least $2.8 trillion in market value.

Wanda will gain more from the China's A-share market by the listing, said Oscar Choi, an analyst at Hong Kong-based Citigroup Inc.

Based on the statement, the company has 12 months from the date when the proposal is approved by shareholders to complete the offering.

The proceeds will be used for property project investments in Nanjing, Chengdu and three other Chinese cities, Wanda Commercial said. The China Securities Regulatory Commission has not yet approved the offering, according to the statement.

Wanda Commercial's H shares began trading in Hong Kong in December. Wanda Cinema Line Co is the group's only A-share listing trading in Shenzhen.

The company is controlled by Chinese billionaire Wang Jianlin. According to the Bloomberg Billionaires Index, Wang is also the richest man in Asia.

Related:China's top soccer club seeks listing on start-up board

A top soccer club in China is a spot on the country's start-up board amid current stock market frenzy, filings made public on Wednesday showed.

Guangzhou Evergrande Taobao Football Club, 2013 AFC Champions League winner and four-time Chinese Super League champion, will seek listing on the National Equities Exchange and Quotations (NEEQ), which was launched in late 2012 and known as the "new third board" .

Despite the club's stellar record, filings showed Guangzhou Evergrande Taobao has been losing money. It registered losses of 576 million yuan ($ 92 million) and 482 million yuan in 2013 and 2014.

NEEQ uses a trading mechanism comparable to the OTC Bulletin Board or pink sheets trading system in the US, an easier option for some companies which may instead spend more than a year to get the regulators' nod for listings on the main stock exchanges.

Guangzhou Evergrande Taobao is backed by Evergrande, a leading real estate developer and Alibaba, an e-commerce giant, which respectively own60 percent and 40 percent stakes in the club.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 亚洲免费成人在线 | xxxx肥婆性bbbb欧美 | 九九国产在线视频 | 久草在线中文 | 国产精品爱久久久久久久三级 | 视频二区国产 | 欧美亚洲日本国产 | hd最新国产人妖ts视频 | 视频精品一区二区三区 | 欧美整片在线观看 | 久久久久久久性潮 | 黄色网址网站在线观看 | 97久久精品午夜一区二区 | 国产精品久久久久久久hd | 国产欧美va欧美va香蕉在线 | 国产精品情侣久久婷婷文字 | 性久久久久久久久久 | 亚洲成人免费网站 | 男女视频在线观看免费高清观看 | 波多野结衣视频在线观看 | 在线观看亚洲专区 | 国产精品美女视视频专区 | 午夜宅宅宅影院在线观看 | 日韩中文字幕在线观看视频 | 一区二区三区四区国产精品 | 美国免费三片在线观看 | 日韩三级一区二区 | 国产欧美日韩在线视频 | 波多野结衣一区二区 三区 波多野结衣一区二区三区88 | 国产一区免费在线观看 | 99久久亚洲国产高清观看 | 在线中文字幕一区 | 成人在线视频免费看 | 日韩欧美国产精品第一页不卡 | 日韩精品特黄毛片免费看 | 成人午夜精品 | 国产欧美一区二区三区视频在线观看 | 福利视频黄 | 亚洲欧美综合一区二区三区四区 | 国产成人久久精品区一区二区 | 91精品国产91热久久p |