China Resources ponders HK$3.5 billion financing

Pricing levels continue to be tough but lack of deals forces banks'' hands.
May 14, 2003

Progress has been painstakingly slow on the self-arranged HK$3.5 billion (US$450 million) fundraising for China Resources (Holdings) Co. Bank meetings took place over two weeks ago but the awarding of the official mandate continues to be delayed.

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