Chinese equity rush goes on with ASMC

05 Apr 2006

The spate of Chinese equity offerings continued this week with deals of all sizes and kinds being sold and marketed, mainly through the Hong Kong market.

Chaoda Modern Agriculture, China's largest vegetable grower, sold a HK$1.344bn ($173m) convertible bond to fund land purchases. Advanced Semiconductor Manufacturing Corp priced its HK$651m ($84m) IPO, and property developer Shanghai Forte raised HK$695m ($89m) by selling new 'H' shares in a block trade through Morgan Stanley.

Late last (Thursday) ...

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