Caixin
Oct 25, 2022 06:27 AM
FINANCE

Rule Change Unlocks Billions for Property-Related Companies

What’s new: Three property-related companies unveiled plans to raise fresh capital through private placements shortly after China’s securities regulator eased financing restrictions.

Shanghai-traded China Energy Engineering Corp., known as Energy China, said in a late Sunday filing that it plans to raise up to 15 billion yuan ($2.1 billion) in a private share placement to fund its new energy projects.

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