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Yantai Jereh Oilfield Services Group Co Ltd to Issue Shares through Private Placement

Thursday, 18 Jul 2013 08:00pm EDT 

Yantai Jereh Oilfield Services Group Co Ltd announced that it will issue up to 49 million A shares of common stock with par value of RMB 1 per share at not less than RMB 63.36 per share in private placement. The Company aims to raise up to RMB 3,104.64 million through the issuance. The proceeds will be used for project investment. 

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