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Provider: Reuters Investment Profile
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Chongqing Iron & Steel Co Ltd completes private placement for fund raising


Monday, 23 Dec 2013 07:00pm EST 

Chongqing Iron & Steel Co Ltd:Says it has issued 706,713,780 shares at 2.83 yuan per share, through private placement to five companies.Says it has raised 1,999,999,997.40 yuan in total.Says Chongqing Iron & Steel (Group) Co., Ltd. is holding 63.05 pct stake (2,796,981,600 shares) in the company down from 75.00 pct (2,796,981,600 shares).Says a Shenzhen-based investment company is holding 4.78 pct stake (212,020,000 shares), a Chongqing-based asset operation company is holding 4.51 pct (200,000,000 shares) and a Chongqing-based energy investment company is holding 3.32 pct (147,150,000 shares).