Cancellation of China Railway Construction and UBS's Issue of US Dollar Bonds

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      A spokesman for China Railway Construction (CRCC) (601186.SS) told Reuters on Monday that the company had decided not to cooperate with UBS in the underwriting of US dollar bonds.
Earlier, Bloomberg quoted people familiar with the situation as saying that China Railway Construction decided not to be UBS's global co-coordinator for its bond sales. Last week, UBS economists in the Research Report "Chinese pig" wording aroused public anger.


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