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Article: Funds go directly to China.
- Article from:
- Australasian Business Intelligence
- Article date:
- September 22, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Florence Chong
Sep 22, 2009 (The Australian - ABIX via COMTEX) -- Nine Chinese groups are expected to raise around $HK30bn ($A4.42bn) in September and October 2009 through initial public offerings on the Hong Kong stock exchange. Sinopharm Group's September 2009 float was 600 times oversubscribed, although analysts have warned of the market's potential to overheat. Australians are believed to have invested around $A7.73bn in Asia and emerging markets.
Publication Date: 23 September 2009
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