Shanghai Pudong Development (Group) Co Ltd will issue RMB 3 billion in short-term financing bills with a maturity of 365 days on the interbank market on Oct. 29, sources reported.The proceeds of the issuance will be used to replenish the group's working capital and optimize the firm's financing structure. Shanghai...
Youngor Group Co Ltd<600177>, which a private textiles and clothing enterprise based in Ningbo, Zhejiang, obtained the board's approval to buy new shares of Shanghai Pudong Development Bank<600000>, sources reported.Youngor will spend up to RMB 1.8 billion to acquire the shares that the...
Guangzhou R&F Property Co Ltd<2777> on Aug. 14 sold a commercial building located in Zhujiang New Town, Guangzhou, Guangdong Province for RMB 765 million to Infinitus (China) Co Ltd and Shanghai Pudong Development (Group) Co Ltd, sources reported.The two purchasers will each hold a 50% stake in...
China Pacific Insurance (Group) Co<601601>, the country's third largest life insurer by premiums, is likely to take part in the RMB 15-billion private placement of Shanghai Pudong Development Bank (SPDB)<600000>, the Shanghai Securities News reported on Tuesday, citing a person close to the insurer....
Oct. 16, 2008 (China Knowledge) - Ping An Insurance (Group) Co<601318><2318>, China's second-largest insurer, has probably sold part of shares in Shanghai Pudong Development Bank (SPDB)<600000>, a mainland lender with 3.78% stakes he...