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China-Kinwa High Technology Co Ltd to Issue A Shares in Private Placement

Sunday, 10 Mar 2013 08:00pm EDT 

China-Kinwa High Technology Co Ltd announced that it will issue up to 650 million A shares of common stock with par value of RMB 1 per share at RMB 3.65 per share, to eight investors including Zheng Yonggang, a Beijing-based holdings company, Guizhou JInzedi Green Products Develop Co., Ltd., and five investment limited partnership enterprises, to raise up to RMB 2,372.50 million. The Company will invest up to RMB 1,688 million raised from the issuance to acquire a 100% stake in a Dechang-based rare earth mining industry company from a Chengdu-based green engineering development company. 

Company Quote

-0.07 -1.12%
27 Aug 2014