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Ant Group set the price at 68.8 yuan (.27) per share for the Shanghai tranche of its dual share-floating plan, the company said in a filing to the Shanghai Stock Exchange on Monday.

Apart from the competitive ruble, close cooperation between China and Russia has provided a boost to the food sector.

Another achievement has been in brand recognition, where Pirelli has quickly become a brand known for technology with an Italian touch.

Anticipating typhoon damage, Shanghai closed many of its popular tourist sites including parks and museums for safety reasons starting from Aug 9. A total of 92 scenic sites, parks and resorts as well as museums were closed on Saturday.

Another reason for London-listed Chinese companies to delist is that due to waning market confidence, the stock price of their companies becomes too low to keep the listing meaningful.