Hong Kong-listed Shimao Property has pledged to buy US$10 million worth of shares in the Xiamen-based developer, and Xiamen C&D Real Estate will buy US$20 million worth.
Yuzhou Property has a land bank of more than 3.5 million square meters, of which nearly half is in Xiamen, southeast China.
Perhaps something a little less emotive could be substituted for bookrunner. Doing a runner in English slang in some areas suggests activity which is anti-social.
You must log in to post a comment.
Yes, I would like to receive emails from China Economic Review. (You can unsubscribe anytime)
Copyright © 2018 SinoMedia Group Limited All rights reserved