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Large deals made in Shanghai property right market

2011-12-20 11:14    Ecns.cn     Web Editor: Xu Rui

Shanghai (CNS) -- Several large purchases of property rights, covering pharmaceutical, real estate, and manufacturing industries, were executed on trading days this week, mostly bought in by private firms, according to the Shanghai United Assets and Equity Exchange (SUAEE), Saturday.

The manufacturing industry saw most the property rights change hands during the five days, 17 of them with a total turnover of 219 million yuan (about 34.48 million USD). That performance was followed by the real estate and asset management sectors, who closed at 315 million yuan (about 49.59 million USD) and 110 million yuan (about 17.32 million USD) respectively.

The listed amount of the transactions added by the real estate firms during the five-day period prevailed over other sectors, weighing in at 956 million yuan (about 150.5 million USD). The service and financial industries had a showing of 287 million yuan (about 45.18 million USD) and 240 million yuan (about 37.78 million USD) respectively.