The listing, which was flagged by SOCAM last month, will include the sale of ú150 million about $300 million worth of new shares and sources say Deutsche Bank will start pre-marketing of that issue today May 16. In connection with the stock floatation, CCP will also issue $200 million of five-year convertible bonds, giving it a starting capital of about $500 million for future acquisitions.
The company will have a fund-like structure and will invest in partially completed property developments in China....
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