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On Thursday it raised that sum by $16m, saying it would help to train African healthcare workers and supply medical kits and ambulances.
China State Construction Engineering Corp. (CSCEC) raised that sum by way of an initial public offering of 40% of its A-shares (the class priced in yuan not U.S. dollars) on the Shanghai exchange.
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If the Mount succeeds in raising that sum, Ms. Copeland said, an anonymous donor is waiting in the wings who has pledged to match it.
McKeown was ordered to make an initial payment of £80,000 within 90 days, though he said it would take him two years to raise that sum.
Now, to raise that sum, the Leopold has decided to sell a 1914 Schiele work, "Häuser Mit Bunter Wäsche (Vorstadt II)," or "Houses With Colorful Laundry (Suburb II)," at Sotheby's in London on June 22.
The lenders would need to raise that sum to reach an estimated 10 percent Tier 1 capital ratio, a crucial measure of financial strength, according to Dirk Jaeger, who is responsible for regulatory topics at the group.
Veteran fund-raisers said it would have been impossible for the campaign to raise that sum by relying solely on well-heeled donors and "bundlers," donors who tap networks of acquaintances for support.
And, even if all goes well and $2.5 billion is raised, that is still a trivial sum compared with the depth of the country's financial pit.Even some who have pitched for the business worry that the process is being driven by investment bankers "who want to do deals".
Ideally, a sum would be raised that would enable the rebuilding of the club's football infrastructure and provide stability off the field.
"I cannot think of another community -- especially a moderately sized one -- that has even come close to raising that kind of sum," said Mark Waterhouse, an economic development consultant who was formerly chairman of the American Economic Development Council, an organization for economic development professionals.
Brown agrees that his budget leaves the overall tax burden unchanged, but boasts that the load on personal taxation will now be up to £3bn lighter, with that sum raised from environmental taxes instead.
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