North Star to look elsewhere for capital
26 August 2005
Beijing North Star is considering launching a real estate investment trust to raise fresh capital as its proposed US$370 million A-share listing is likely to be postponed again following recent stock market reform announcements, the South China Morning Post reported. The company, which has earmarked the funds for projects including those related to the 2008 Olympic Games, also plans a bond issue of up to US$185 million and getting large loans from banks.
