Heilongjiang sale still poised despite New World's failure to ease HK market gloom

15 Jan 1999

HONG KONG slipped back into crisis mode this week after local stocks plunged on fears over red chip debt repayment and local interest rate hikes. A hefty HK$2.34bn ($302.75m) placement for property company New World Development did little to inspire confidence, but Heilongjiang Agriculture's IPO will soldier on regardless, said ...

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