Shenzhen Bank, Datang Power, China Railway: China Stock Preview
(Bloomberg) — The following companies may have unusual price changes in China trading. Stock symbols are in parentheses, and share prices are as of the last close.
The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, dropped 50.79, or 1.9 percent, to 2,622.63. The CSI 300 Index fell 2.1 percent to 2,813.94.
China will allow qualified foreign institutional investors, or QFIIs, to invest in the country’s stock-index futures, according to a statement distributed today at the end of the U.S.-China Strategic & Economic Dialogue in Beijing.
Shenzhen Development Bank Co. (000001 CH): The bank plans to appoint Richard Jackson as its president, replacing incumbent Xiao Suining who will become chairman. Current Chairman and Chief Executive Officer Frank Newman is resigning. The lender also plans to extend a 1 billion yuan ($146.4 million) line of credit to Ping An Bank Ltd. Shenzhen Development fell 3.3 percent to 17.79 yuan.
Datang International Power Generation Co. (601991 CH): China’s biggest publicly traded electricity producer plans to raise as much as 8 billion yuan in a private placement of A- shares to fund eight power projects. The Shanghai-listed company will sell shares at no less than 6.81 yuan each to about 10 companies including its parent. Datang fell 4.1 percent to 7.05 yuan.
China Railway Erju Co. (600528 CH): The railway builder said it has recently won 14 orders nationwide, it said in a statement to the Shanghai Stock Exchange. China Railway Erju slid 0.9 percent to 8.88 yuan.
Angang Steel Co. (000898 CH) The company said the state- owned Assets Supervision & Administration Commission has given approval for the merger of its parent Anshan Iron & Steel Group with Pangang Group Co. Angang shares, last traded on May 21, gained 4.4 percent to 8.53 yuan.
PPM is the leading U.S. entrepreneurial firm that specializes in writing private placement memorandums (PPM) and linking investors with entrepreneurs.
Since 1999, the founders of PPM have provided professional business writing services, such as a PPM or business plan, to more than 2,000 businesses worldwide. Our company is considered to be the most cost effective, efficient consultants for private placement memorandum development in the United States. We are Wall Street’s, and by extension, the New York private placement (PPM) leaders.
PPM’s main service is the creation of private placement memorandum regulation d (Reg. d) documents. However, we offer much more. In case the entrepreneur needs additional services, such as a business plan, website, or additional legal work, PPM can create one pricing package for all required documentation or service. Because we simultaneously work with many companies both in and out of the U.S., the ability to adapt to the individual needs – as well as to regional and global demands – helps our clients save needed capital and time.
We are leaders in:
• China Private Placement
• Banking Private Placement
• Technology Private Placement
• Debt Private Placement
• Equity Private Placement
• Technology Private Placement Memorandum Writing
• China Private Placement Memorandum Writing
• Banking Private Placement Memorandum Writing
• Debt Private Placement Memorandum Writing
• Equity Private Placement Memorandum Writing