Share Name Share Symbol Market Type Share ISIN Share Description
Canton Prop LSE:CPIL London Ordinary Share VGG182601028 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 20.50p 0.00p 0.00p - - - 0 06:39:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - - 0.00

Canton Prop Share Discussion Threads

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Well said - disgusting performance all round from the board and advisors - happy to take their fees in the good times, but walk away when there's work to do. How can the board issue a set of results talking about everything being rosy, and then a few weeks later the whole thing collapse.
China's real-estate boom will provide another share listing in London this week when Canton Properties begins trading on the junior Aim market. Canton, which is based in Hong Kong and invests in shopping mall developments in mainland China, is likely to press ahead with its flotation despite the turbulence in the capital markets. The company believes it will prove attractive to investors because of its focus on the southern city of Guangzhou, which is the wealthiest in China. Guangzhou's capital, Guangdong, which is near mainland China's border with Hong Kong, falls within the Pearl River Delta region, which accounts for a third of all Chinese exports. Canton is due to begin trading on Thursday after raising about $55m (£27m) in a share placing. The listing will value the company at around $368m, according to people familiar with its plans. Libertas Capital has been appointed nominated adviser to the company, whose assets include a mall called Comic City, which is already open, and another, the Mall of Canton, which is due to open in 2009. China's real-estate sector has seen massive growth in recent years amid concerns that an inflow of investment is leading to an incipient bubble in the market. Between 2000 and 2005, the country saw investment in real estate more than treble from 498bn renminbi to 1,590bn renminbi (£104bn), and the average price of commercial property soar more than 50pc from 3,260 renminbi per square metre to 5,022 renminbi. The Chinese government has introduced a series of restrictions on investments in the property market as a result of the concerns about overheating. The flip-side of China's property boom is the huge rump of unfinished real estate developments scattered across major cities. Among the companies trying to leverage this market is China Central Properties, which listed on Aim earlier this year. Company's website at:
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