A-share rout ruins share sale plans

Mainland ECM bankers are having a tough time because the stock market plunge has stalled many prospective secondary deals.

A-share rout ruins share sale plans

The equity fundraising plans of mainland Chinese companies have been disrupted by the summer's A-share rout, prompting many to try to restructure their plans or find alternative sources of capital.

At least six companies listed in Shanghai or Shenzhen have targeted a combined Rmb63 billion $9.8 billion via share sales, according to regulatory filings. However, these plans have stalled because of plunging share prices.

Unlike Hong...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: ecm | ashare | private placement | follow on | china

Print Edition

FinanceAsia Print Edition