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.

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