MAINLAND PROPERTY DEVELOPER LISTS IN LONDON

| BY

clpstaff

China Central Properties (CCP) has successfully completed a US$500 million global offering and listing on the London Stock Exchange's Alternative Investment…

China Central Properties (CCP) has successfully completed a US$500 million global offering and listing on the London Stock Exchange's Alternative Investment Market [AIM]. The company focuses on acquiring partially-completed and distressed property developments in China, and is an affiliate of Hong Kong developer Shui On Construction and Materials.

The offering, which closed on June 13 2007, included the issuance of 151.23 million new shares and convertible bonds, and was sold to institutional investors in the US under Rule 144A and outside the US under Regulation S. Deutsche Bank was the sole bookrunner for the offering.

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