Oct. 5, 2009 (China Knowledge) - Fujian-based real estate developer Powerlong Real Estate Holdings<1238> announced that it will lower its IPO price range to between HK$2.75 and HK$3, from the previous HK$3.3 to HK$4.9.
The decision was made out of concerns that investor enthusiasm for IPOs has faltered as four mainland Chinese companies listed on the Hong Kong Stock Exchange last month, na
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