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Gemdale’s RMB8.5b share offering blocked
By STAFF EDITOR
Published: July 29, 2008 04:04 PM
Real estate developer and solution provider Gemdale Corporation (600383.SH) announced Monday that its planned US$1.24 billion (RMB8.5 billion) additional share offering was rejected by the securities regulator, the Oriental Morning Post reported. The Shenzhen-based property firm raised RMB18 billion through issuing 360 million A shares in August 2007 and lodged a second share offering application with the securities regulator in September. Market ...
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