FOUR FOREIGN INVESTORS INJECT USD25MN INTO SRECS
AsiaInfo Services, April, 2006
AsiaInfo Services 04-05-2006 Four Foreign Investors Inject USD25mn into SRECS SHANGHAI, Apr 05, 2006 (SinoCast via COMTEX) -- Four foreign investors, led by DLJ and China Renaissance Capital Investment Inc., which are two funds under the Credit Suisse Group, jointly invest USD 25 million in Shanghai Real Estate Consultant & Sale (Group) Co., Ltd.
(SRECS) and become the latter's strategic investors. DLJ, a real estate fund directly controlled by Credit Suisse Group, believes that ongoing adjustment on China' real estate market brings a lot of opportunities to the international investors, and more and more foreign capital will touch with the Chinese real estate developers, said by the head of DLJ. SRECS cheers for the capital injection from the four...
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