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Zhongli Science And Technology Group Co Ltd to Issue New Shares through Private Placement

Friday, 28 Jun 2013 08:00pm EDT 

Zhongli Science And Technology Group Co Ltd announced that it has decided to issue up to 110 million shares, at the price of no less than RMB 11.61 per share, to raise up to RMB 1,220 million. The Company's top shareholder, Mr. Wang Baixing, will acquire at least 5% of the new shares. The Company will use the proceeds as investment in photovoltaic power station project. 

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