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TBEA Co Ltd announces details for rights issue

Monday, 13 Jan 2014 07:00pm EST 

TBEA Co Ltd:Says to issue 579,823,165 shares of common stock with par value of 1 yuan per share at 6.90 yuan per share to its existing shareholders, who are eligible to purchase 2.2 new shares for every 10 shares they hold.Says the company aims to raise up to 4 billion yuan through the rights issue.Says proceeds will be used for repayment of bank loan, short-term financing notes and mid-term bills, as well as business operation.Says GF Securities will serve as the main underwriter. 

Company Quote

24 Nov 2015