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TBEA Co Ltd Announces Rights Issue


Monday, 29 Jul 2013 08:00pm EDT 

TBEA Co Ltd announced a rights issue of up to 790,667,952 A shares of common stock with par value of RMB 1.00 per share, to its shareholders, who are eligible to purchase up to 3.0 new shares for every 10 shares they hold. The Company aims to raise up to RMB 4 billion through the issuance. Up to RMB 2.5 billion will be used for the repayment of bank loans, short-term financing notes and mid-term bills, and the remaining part will be used for the supplement of working capital. 

Company Quote

14.4
-0.01 -0.07%
3 Jul 2015