Tag: chongqing

Ying Li says the money from the Singapore dollar-denominated deal will be used to acquire two new sites and to start the development of an office and retail project in Chongqing. The new branch, Citi's ninth in China, is decked out with Wi-Fi, internet kiosks and video phones for customers to use. The developer of urban housing and commercial projects prices near the top of the range amid improving sentiment for property IPOs. The Singapore-listed Chinese developer raises $111 million, while K-Reit Asia pockets $444 million from a rights issue that was oversubscribed despite a tight discount. The Sichuan-focused developer looks to tap the market for up to $413 million with six cornerstone investors already signed up. Richard Brubaker from consultancy firm China Strategic Development Partners gives an update on China's emerging batch of mega-cities. One of western China’s largest industrial conglomerates seeks capital to increase production capacity.