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Jiaozuo Wanfang Aluminum Manufacturing Co Ltd Completes Private Placement; Announces Change in Shareholding Structure


Wednesday, 1 May 2013 08:00pm EDT 

Jiaozuo Wanfang Aluminum Manufacturing Co Ltd announced that it has completed the private placement of 169,266,914 A shares of common stock with par value of RMB 1 per share at RMB 10.64 per share, and raised RMB 1,800,999,964.96. After that, the Company's largest shareholder, Aluminum Corporation of China, decreased its holdings in the Company from 24.00% to 17.75%, due to subscription of no share in the issuance. A Beijing-based fund management company and a Shenzhen-based fund management company respectively began to hold a 11.59% stake and a 5.79% stake in the Company by subscribing 75,281,954 shares and 37,593,984 shares. 

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