Developers set refinancing plans
By Wang Ying in Shanghai | China Daily | Updated: 2013-08-09 07:25
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Visitors are showed the Haixi Culture Creative Industrial Park in Fuzhou, Fujian province, developed by the Citychamp Dartong Co Ltd in 2011. The company plans to issue 1.8 billion yuan in convertible bonds to finance a commercial property project in Nanjing. Zheng Shuai / for China Daily |
Two small property developers announced plans on Wednesday to fund new projects through bond and share issues, sparking market talk that the moratorium of more than three years on property developers' financing may be loosened.
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