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Beijing New Building Materials Public announces private placement plan

Sunday, 16 Mar 2014 08:00pm EDT 

Beijing New Building Materials Public Ltd Co:To issue up to 150 mln shares through private placement to controlling shareholder China National Building Material Co Ltd and others, at no less than 14.11 yuan per share.To raise up to 2,120 mln yuan for construction material base, structural steel, research and development center and platform construction, as well as loan repayment. 

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